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Fly News Breaks for April 25, 2018
MELI
Apr 25, 2018 | 07:20 EDT
Barclays analyst Deepak Mathivanan lowered his price target for MercadoLibre to $380 ahead of the company's Q1 results. He keeps an Overweight rating on the shares. Incremental costs associated with the Correios rate hike in March, potential unit growth deceleration and lower operating margin are areas of potential headwinds in the near-term, Mathivanan tells investors in a research note. He expects a "noisy" Q1 print.
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.
