Wedbush Initiates Coverage On MercadoLibre with Outperform Rating, Announces Price Target of $1500
Portfolio Pulse from richadhand@benzinga.com
Wedbush analyst Scott Devitt has initiated coverage on MercadoLibre (NASDAQ:MELI) with an Outperform rating and a price target of $1500.
August 22, 2023 | 8:16 am
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Wedbush has initiated coverage on MercadoLibre with an Outperform rating and a price target of $1500, which could positively impact the stock.
Analyst ratings and price targets can significantly influence a stock's performance. In this case, Wedbush's Outperform rating and high price target for MercadoLibre suggest a positive outlook for the company, which could lead to an increase in its stock price.
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