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MELI

MercadoLibre

$251.92

-4.25 (-1.66%)

06:35
08/09/17
08/09
06:35
08/09/17
06:35

MercadoLibre price target lowered to $270 from $300 at JPMorgan

JPMorgan analyst Andre Baggio lowered his price target for MercadoLibre to $270 saying free shipping continues to weigh on the company's results. The analyst reiterates a cautious near-term view on the shares and keeps a Neutral rating on the name.

MELI MercadoLibre
$251.92

-4.25 (-1.66%)

07/13/17
PIPR
07/13/17
NO CHANGE
Target $287
PIPR
Overweight
MercadoLibre margin estimates 'overly optimistic,' says Piper Jaffray
Piper Jaffray analyst Michael Olson believes consensus margin assumptions for MercadoLibre are "overly optimistic" based on the impact of free shipping in Brazil. The analyst lowered his 2017 earnings estimates for the company but keeps an Overweight rating on the shares with a $287 price target. Free shipping is driving unit growth likely above expectations, but the cost of subsidizing the service may not be fully offset by revenue upside in the near-term, Olson tells investors in a research note.
06/23/17
SBSH
06/23/17
DOWNGRADE
SBSH
Neutral
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.
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.

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BZUN

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KKR

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