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Fly News Breaks for February 5, 2020
MELI
Feb 5, 2020 | 09:12 EDT
Susquehanna analyst James Friedman upgraded MercadoLibre to Positive from Neutral. The analyst thinks the shares are setup for a "fork"; either the recent operating investments will yield revenue acceleration, or they will fade the investments and the margins will recover. Friedman raised his price target to $820 from $500 on MercadoLibre shares.