MercadoLibre price target raised to $155 from $130 at Stifel Stifel increased its price target on MercadoLibre after the company reported stronger than expected Q3 results which the firm views as impressive. The firm thinks the company is well-positioned to benefit from eCommerce growth in the Latin America regio. It keeps a Buy rating on the shares.
MercadoLibre upgraded to Buy from Underperform at BofA/Merrill BofA/Merrill upgraded MercadoLibre two notches to Buy from Underperform with a $150 price target, up from $77. The firm upgraded shares citing the strong Q3 report, improving trends, and a dramatically better outlook for Brazil.