Information Provided By: 
Fly News Breaks for February 11, 2020
MELI
Feb 11, 2020 | 06:47 EDT
Citi analyst Tobias Stingelin downgraded MercadoLibre to Neutral from Buy with a price target of $660, up from $645. The analyst cites valuation for the downgrade following the company's "mixed" Q4 results. While MercadoLibre beat sales expectations, its EBITDA was 73% below Stingelin's estimate. The analyst sees relatively limited upside to the company's shares from current levels.
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.
