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Fly News Breaks for March 11, 2019
MELI
Mar 11, 2019 | 07:00 EDT
JPMorgan analyst Andre Baggio raised his price target for MercadoLibre to $515 from $430 and reiterates an Overweight rating on the shares. The analyst's new target incorporates the "positive trends" shown during Q4, including the fast deployment of MercadoLibre's own logistical capabilities and the "fast growth on the Fintech front, opening new avenues of monetization."
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