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Fly News Breaks for February 7, 2017
MELI
Feb 7, 2017 | 06:08 EDT
Piper Jaffray analyst Michael Olson says his firm's channel checks indicate that MercadoLibre's listings growth decelerated slightly in Q4 year-over-year. He believes MercadoLibre listings growth in Q4 was 73%, a deceleration from 83% in Q3. Growth continues at an "impressive rate," and MercadoLibre's platform is "gaining steam" with suppliers due to improvements in the site, Olson tells investors in a research note. He maintains an Overweight rating on the shares with a $200 price target.
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