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Fly News Breaks for November 13, 2018
MELI
Nov 13, 2018 | 16:26 EDT
BTIG analyst Marvin Fong started MercadoLibre with a Buy rating and $395 price target. The analyst is optimistic on the MercadoLibre's payments platform and sees "tangible parallels" to Paypal (PYPL) and Alipay. Fong acknowledges competitive concerns on the e-commerce side, but thinks investors should "focus on the end game: an e-commerce/fintech ecosystem spanning most facets of LatAm digital life."
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