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Fly News Breaks for September 9, 2019
MELI
Sep 9, 2019 | 21:48 EDT
BTIG analyst Marvin Fong upgraded MercadoLibre to Buy from Neutral and maintained a $720 price target saying the pullback in shares post-Argentina is overdone. Further, Fong expects MercadoLibre to enter large new financial markets such as auto loans, mortgages and insurance over the next 12-18 months, and said QR adoption in Brazil is occurring faster than anticipated.
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.
