Morgan Stanley Maintains Overweight on MercadoLibre, Raises Price Target to $2500
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Andrew Ruben has maintained an Overweight rating on MercadoLibre and raised the price target from $2175 to $2500.
September 20, 2024 | 1:09 pm
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POSITIVE IMPACT
Morgan Stanley has increased its price target for MercadoLibre from $2175 to $2500, maintaining an Overweight rating. This suggests confidence in MercadoLibre's growth potential.
The increase in price target by a major financial institution like Morgan Stanley indicates a positive outlook on MercadoLibre's future performance. The Overweight rating suggests that the stock is expected to outperform the market, which could lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100