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Fly News Breaks for August 13, 2019
MELI
Aug 13, 2019 | 06:29 EDT
Deutsche Bank analyst Kunal Madhukar views the pullback yesterday in shares of MercadoLibre as a buying opportunity. The analyst lowered his price target for the shares to $600 from $725 and keeps a Buy rating on the shares. The analyst views the company's Q2 results as "strong" but points out Argentina, which now faces political uncertainty, is its second largest market, representing about 20% of total revenue.