- Scotiabank analyst Rodrigo Echagaray upgraded Mercadolibre Inc (NASDAQ:MELI) to Outperform from Sector Perform with a price target of $2,100, up from $2,050, implying a 36% upside.
- The shares are down about 20% since he initiated coverage and given his view that the long-term growth opportunities across retail and fintech “remain very appealing” he sees the year-to-date underperformance versus the Nasdaq as “a good entry point.”
- The analyst noted he adjusted his estimates to reflect higher than expected GMV and take-rates in recent quarters, which results in his estimates having increased “slightly.”
- Price Action: MELI shares are trading higher by 2.45% at $1540.62 on the last check Monday.
Barclays Maintains Equal-Weight on Albertsons Companies, Raises Price Target to $30
Barclays analyst Karen Short maintains Albertsons Companies (NYSE:ACI) with a Equal-Weight and raises the price target from $27 to $30.
