B of A Securities Maintains Buy on MercadoLibre, Raises Price Target to $2500
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Robert Ford maintains a Buy rating on MercadoLibre and raises the price target from $2250 to $2500.
September 12, 2024 | 5:51 pm
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POSITIVE IMPACT
B of A Securities has increased its price target for MercadoLibre from $2250 to $2500, maintaining a Buy rating. This suggests confidence in MercadoLibre's growth prospects.
The increase in price target from $2250 to $2500 by B of A Securities indicates a positive outlook on MercadoLibre's future performance. Maintaining a Buy rating suggests that the analyst expects the stock to perform well, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100