JPMorgan lowered the firm’s price target on MercadoLibre (MELI) to $1,950 from $2,150 and keeps a Neutral rating on the shares. The firm adjusted estimates to reflect currency moves and higher weighted average cost of capital.
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Read More on MELI:
- MercadoLibre price target lowered to $2,150 from $2,300 at Cantor Fitzgerald
- MercadoLibre price target lowered to $2,100 from $2,200 at Wedbush
- MercadoLibre Stock Is Well-Positioned for Substantial Long-Term Returns
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
