MercadoLibre Price Target Hiked; Brazil A Challenge

By | November 5, 2014

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A re-acceleration of growth in Brazil, e-commerce firm MercadoLibre’s largest market, would likely trump any macro risks elsewhere in Latin America, says Morgan Stanley, which on Wednesday raised its price target on MercadoLibre stock. Analyst Michel Morin raised his price target to 77 from 67, but it’s still far below where the stock is trading, and he maintained an underweight rating on the stock. U.S. shares of Argentina-based MercadoLibre Scalper1 News

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