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Fly News Breaks for August 25, 2017
MELI
Aug 25, 2017 | 07:55 EDT
As noted earlier, Stifel upgraded MercadoLibre to Buy from Hold. Analyst Scott Devitt says that the company's current investments will protect it from competitive threats and help it gain market share over the longer term. He expects it to benefit from the growth of e-commerce in LAtin America. Target remains $275.
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.
MELI
Apr 24, 2024 | 07:21 EDT
MELI
Apr 23, 2024 | 09:26 EDT
DZ Bank upgraded MercadoLibre to Buy from Hold with a $1,685 price target.
