MercadoLibre estimates lowered on Peso devaluation at Piper Jaffray Piper Jaffray lowered its 2014 and 2015 earnings and revenue estimates for MercadoLibre by 5% to reflect the greater than expected devaluation of the Peso. Piper, however, believes Argentina's new online restrictions could have a slight near-term positive impact on the company. The firm lowered its price target for MercadoLibre shares to $133 from $140 and keeps an Overweight rating on the stock.
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.