Market Overview

UPDATE: Morgan Stanley Reiterates On Mercadolibre On Heightened Macro Risks

Related MELI
Top 4 NASDAQ Stocks In The Catalog & Mail Order Houses Industry With The Highest EPS
Morgan Stanley Is Near Bull Case On Mercadolibre Ahead Of Investor Day
Make Money off Natural Gas Hot Spots, Latin American eBay (Fox Business)

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
Oct 2014Morgan StanleyMaintainsUnderweight
Aug 2014Credit SuisseMaintainsNeutral
May 2014JP MorganUpgradesNeutralOverweight

View More Analyst Ratings for MELI
View the Latest Analyst Ratings

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

 

Related Articles (MELI)

Around the Web, We're Loving...

Get Benzinga's Newsletters