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Fly News Breaks for March 8, 2019
MELI
Mar 8, 2019 | 08:21 EDT
As reported previously, Susquehanna analyst James Friedman downgraded MercadoLibre to Negative from Neutral. The analyst cited channel checks with two of Brazil's large commercial real estate brokers that revealed a sharp increase in warehouse demand from international e-commerce vendors. He said with the stock at all-time highs, it may be ahead of itself. Friedman maintained his $340 price target on MercadoLibre shares.