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MELI

MercadoLibre

$275.75

-1.24 (-0.45%)

08:23
06/23/17
06/23
08:23
06/23/17
08:23

MercadoLibre downgraded to Neutral from Buy at Citi

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.

MELI MercadoLibre
$275.75

-1.24 (-0.45%)

06/13/17
GSCO
06/13/17
DOWNGRADE
Target $290
GSCO
Neutral
MercadoLibre downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Irma Sgarz downgraded MercadoLibre to Neutral saying the recent share rally and downside risks to consensus estimates "limit the room for near-term outperformance." The anlayst's 2017 EBIDTA estimate is 17% below consensus after incorporating the cost of shipping subsidies in Brazil. Sgarz lowered MercadoLibre's price target to $290 from $309.
06/08/17
LEHM
06/08/17
NO CHANGE
Target $300
LEHM
Overweight
MercadoLibre price target raised to $300 from $275 at Barclays
Barclays analyst Deepak Mathivanan raised his price target for MercadoLibre to $300 saying the shares have "plenty more room to run." The company's recent launch of a new free shipping program in Brazil, its largest market, should drive incremental volumes, the analyst contends. He keeps an Overweight rating on MercadoLibre.
05/16/17
05/16/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Pfizer (PFE) downgraded to Sell from Neutral at Citi with analyst Andrew Baum saying his concern over Pfizer's "rising risk to high price" Medicare Part D covered oncology drugs, namely Xtandi, Ibrance and Xalkori, has intensified. He also believes "major transaction risk" for Pfizer remains high. 2. MercadoLibre (MELI) downgraded to Neutral from Overweight at JPMorgan with analyst Andre Baggio citing valuation with the stock up 131% year-over-year. 3. Eli Lilly (LLY) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Jami Rubin citing strong year-to-date performance. The analyst maintained a Buy rating and $92 price target citing favorable long-term fundamentals with significant margin expansion. 4. Valero (VLO) downgraded to Neutral from Buy at Goldman Sachs with analyst Neil Mehta citing a more balanced risk/reward following the stock's outperformance. 5. NantKwest (NK) downgraded to Sell from Neutral at Citi with analyst Joel Beatty saying the company has a history of "significantly missing" its clinical trial timelines, and this is unlikely to change over the near-term. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/16/17
JPMS
05/16/17
DOWNGRADE
Target $300
JPMS
Neutral
MercadoLibre downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Andre Baggio downgraded MercadoLibre to Neutral citing valuation with the stock up 131% year-over-year. The analyst believes MercadoLibre should enter a new investment phase with the deployment of free shipping, which he notes could pressure short-term results. Baggio raised his price target for the shares to $300 from $250.

TODAY'S FREE FLY STORIES

TIF

Tiffany

$88.72

0.22 (0.25%)

06:44
08/24/17
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Tiffany provides FY17 outlook »

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TIF

Tiffany

$88.72

0.22 (0.25%)

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Tiffany sees FY17 CapEx $250M »

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TIF

Tiffany

$88.72

0.22 (0.25%)

06:42
08/24/17
08/24
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Earnings
Tiffany sees FY17 EPS growth of high single digits, consensus $3.95 »

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TIF

Tiffany

$88.72

0.22 (0.25%)

06:40
08/24/17
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06:40
Earnings
Tiffany reports Q2 adjusted EPS 92c, consensus 86c »

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HMLP

Hoegh LNG

$18.60

0.25 (1.36%)

06:38
08/24/17
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06:38
Earnings
Hoegh LNG reports Q2 EPS 28c, consensus 40c »

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WDC

Western Digital

$88.31

1.66 (1.92%)

, TOSYY

Toshiba, also use TOSBF

$17.28

0.49 (2.92%)

06:38
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Periodicals
Western Digital consortium to offer $17.4B for Toshiba chip unit, Reuters says »

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WDC

Western Digital

$88.31

1.66 (1.92%)

TOSYY

Toshiba, also use TOSBF

$17.28

0.49 (2.92%)

TOSBF

Toshiba, also use TOSYY

$2.88

0.064 (2.27%)

KKR

KKR

$18.57

-0.07 (-0.38%)

03/08/13
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EXC

Exelon

$38.32

0.09 (0.24%)

06:36
08/24/17
08/24
06:36
08/24/17
06:36
Conference/Events
Exelon management to meet with Jefferies »

Meeting to be held in…

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  • 31

    Aug

06:35
08/24/17
08/24
06:35
08/24/17
06:35
General news
FX Action: USD-JPY has settled in the lower 109.0s »

FX Action: USD-JPY has…

DXLG

Destination XL

06:34
08/24/17
08/24
06:34
08/24/17
06:34
Conference/Events
Destination XL management to meet with Sidoti »

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  • 24

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BDC

Belden

$73.25

0.08 (0.11%)

06:34
08/24/17
08/24
06:34
08/24/17
06:34
Conference/Events
Belden management to meet with Seaport Global »

Meeting to be held in…

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  • 31

    Aug

  • 06

    Sep

HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

06:33
08/24/17
08/24
06:33
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06:33
Hot Stocks
Hormel Foods acquires Ceratti brand for approximately $104M »

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

06:33
08/24/17
08/24
06:33
08/24/17
06:33
Earnings
Hormel cuts FY EPS view to $1.54-$1.58 from low end of $1.65-$1.71 »

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

06:32
08/24/17
08/24
06:32
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06:32
Hot Stocks
Hormel Foods says faced 'record-high' input costs for two primary raw materials »

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AVD

American Vanguard

$20.00

0.15 (0.76%)

06:32
08/24/17
08/24
06:32
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06:32
Conference/Events
American Vanguard management to meet with Oppenheimer »

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HRL

Hormel Foods

$33.92

-0.46 (-1.34%)

06:31
08/24/17
08/24
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06:31
Earnings
Hormel Foods reports Q3 EPS 34c, consensus 37c »

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WBC

Wabco

$138.46

0.22 (0.16%)

06:31
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Wabco to acquire Sheppard for $145M »

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AIN

Albany International

$51.10

-0.2 (-0.39%)

06:31
08/24/17
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Conference/Events
Albany International management to meet with Sidoti »

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EADSY

Airbus

$20.89

-0.015 (-0.07%)

, DLAKY

Lufthansa

$24.60

-0.04 (-0.16%)

06:31
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Periodicals
European regulator, Airbus issue software fix for A350, Reuters reports »

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EADSY

Airbus

$20.89

-0.015 (-0.07%)

DLAKY

Lufthansa

$24.60

-0.04 (-0.16%)

SINGY

Singapore Airlines

CPCAY

Cathay Pacific

03/08/13
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LTD

L Brands

06:30
08/24/17
08/24
06:30
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06:30
Conference/Events
L Brands to host sales conference call »

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  • 31

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06:30
08/24/17
08/24
06:30
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General news
FX Action: USD-JPY has settled in the lower 109.0s »

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BRCD

Brocade

$12.25

0.06 (0.49%)

, AVGO

Broadcom

$256.92

1.73 (0.68%)

06:22
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Hot Stocks
China conditionally approves Broadcom's proposed acquisition of Brocade »

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BRCD

Brocade

$12.25

0.06 (0.49%)

AVGO

Broadcom

$256.92

1.73 (0.68%)

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  • 24

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FB

Facebook

$168.71

-0.93 (-0.55%)

06:20
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Facebook taps exec Andrew Bosworth to lead hardware efforts, BI reports »

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GOOG

Alphabet

$927.00

2.31 (0.25%)

, GOOGL

Alphabet Class A

$942.58

2.18 (0.23%)

06:20
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Periodicals
Google could unveil new Pixel phones on October 5, Engadget reports »

Google (GOOG) could…

GOOG

Alphabet

$927.00

2.31 (0.25%)

GOOGL

Alphabet Class A

$942.58

2.18 (0.23%)

QCOM

Qualcomm

$52.23

-0.12 (-0.23%)

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  • 24

    Aug

NADL

North Atlantic Drilling

$1.19

0.02 (1.71%)

06:17
08/24/17
08/24
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Earnings
North Atlantic Drilling reports Q2 EPS ($2.59), consensus ($2.97) »

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  • 24

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BIDU

Baidu

$224.99

-1.12 (-0.50%)

06:16
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Hot Stocks
Baidu completes sale of food delivery subsidiary »

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