Jefferies Maintains Hold on MercadoLibre, Lowers Price Target to $1300
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst John Colantuoni has maintained a 'Hold' rating on MercadoLibre (NASDAQ:MELI) and lowered the price target from $1400 to $1300.
July 25, 2023 | 3:27 pm
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NEGATIVE IMPACT
Jefferies analyst has maintained a 'Hold' rating on MercadoLibre and lowered the price target from $1400 to $1300.
The lowering of the price target by Jefferies analyst John Colantuoni could potentially lead to a negative sentiment among investors, which may put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100