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Fly News Breaks for January 22, 2020
MELI
Jan 22, 2020 | 05:20 EDT
Piper Sandler analyst Michael Olson raised his price target for MercadoLibre to $760 from $675 on expectations the company will report "strong" Q4 results. The analyst sees upside potential for MercadoLibre's key Q4 metrics and he remains confident in the company's ability to drive growth. He also believes there is "'light at the end of the tunnel" for margin improvement and keeps an Overweight rating on the shares.
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