MercadoLibre (MELI) continues to see fast growth in its key market of Brazil, says JPMorgan analyst Andre Baggio, prompting him to raise his price target on MercadoLibre stock to 112 from 109. Baggio maintained a neutral rating on the stock, however, in a research report late Monday. MercadoLibre stock was down more than 1% in afternoon trading on the stock market today, near 109.50. The Argentina-based company’s Q3 EPS and sales missed analyst
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MercadoLibre Price Target Raised As Brazil Sales Rise