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Fly News Breaks for February 27, 2020
MELI
Feb 27, 2020 | 09:05 EDT
JPMorgan analyst Marcelo Santos raised the firm's price target on MercadoLibre to $800 from $700 and reiterates an Overweight rating on the shares. The analyst says that besides continuing to deliver well on its strategic initiatives in Logistics and Fintech in 2020, he expects to see "important triggers" during 2020, including a re-acceleration of Brazilian gross merchandise volume and EBITDA turning positive. MercadoLibre has been delivering well on its strategic initiatives, Santos tells investors in a research note.
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