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UPDATE: Morgan Stanley Reiterates On Mercadolibre On Heightened Macro Risks

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In a report published Friday, Morgan Stanley analyst Michel Morin reiterated an Underweight rating on Mercadolibre (NASDAQ: MELI), but lowered the price target from $70.00 to $64.00.

In the report, Morgan Stanley noted, “MELI is an ecommerce leader in Latam with solid long-term growth potential, but we continue to find valuation rich, in light of heightened macro risks. We trim our DCF-based target to $64 from $70 to reflect a higher assumed WACC, and we remain Underweight despite the recent pull-back.”

Mercadolibre closed on Thursday at $83.26.

Latest Ratings for MELI

DateFirmActionFromTo
Nov 2014JP MorganMaintainsOverweight
Oct 2014Bank of AmericaUpgradesUnderperformBuy
Oct 2014Credit SuisseMaintainsNeutral

View More Analyst Ratings for MELI
View the Latest Analyst Ratings

Posted-In: Michel Morin Morgan StanleyAnalyst Color Price Target Analyst Ratings

 

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