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Fly News Breaks for June 23, 2017
MELI
Jun 23, 2017 | 08:23 EDT
Citi downgraded MercadoLibre to Neutral saying they made an error in the long-term revenue growth forecast in Venezuela published June 19, which led to an overestimation in valuation. As a result, the firm's analyst cut its price target to $280 and said shares no longer warrant a Buy rating.
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.
MELI
MELI
Apr 23, 2024 | 09:26 EDT
DZ Bank upgraded MercadoLibre to Buy from Hold with a $1,685 price target.
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