UPDATE: Morgan Stanley Upgrades MercadoLibre from Not Rated to Equal-Weight; Near-Term Headwinds, Bullish Long Term - MercadoLibre (NASDAQ:MELI)

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Morgan Stanley moves to an Equal-weight rating from being Not Rated on MercadoLibre (NASDAQ: MELI). Morgan Stanley comments, "We're bullish on the company, yet neutral on the stock. MELI is the leading eCommerce retailer in LatAm, having posted above-market growth rates for six consecutive quarters, which we expect to continue. We remain on the sidelines due to declining margins, FX/macro headwinds, and tough 2H12 comps."MELI closed at $75.80 on Monday.

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