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Fly News Breaks for January 30, 2017
MELI
Jan 30, 2017 | 06:23 EDT
BofA/Merrill analyst Robert Ford Aguilar upgraded MercadoLibre to Buy and raised its price target to $210 from $185 to reflect strong operating momentum. The analyst said MercadoLibre is purging "bad actors" from the Pago platform, reducing transaction frictions, ensuring a better buyer experience, which will likely lead to accelerating transaction frequency and reduce costs of fraud protection. Agular said MercadoLibre should benefit from easier FX comps and Brazil rate cuts, and sees potential for a Q4 surprise.
News For MELI From the Last 2 Days
MELI
Apr 24, 2024 | 08:03 EDT
Jefferies lowered the firm's price target on MercadoLibre to $1,400 from $1,650 and keeps a Hold rating on the shares. A recent ramp in investments could pressure EBIT near-term, though continued momentum in GMV, Advertising, and Credit "would keep the long-term story alive," the analyst tells investors in a preview note for the U.S. Internet group.
