MercadoLibre Shares Fall After JPMorgan Downgrade

MT Newswires Live

03/13

MercadoLibre (MELI) shares were down over 6% Thursday afternoon after JPMorgan downgraded the stock to neutral from overweight and cut its price target to $2,100 from $2,650.

Trading volume stood at more than 811,000 shares, against a daily average of about 576,000.

Price: 1648.18, Change: -117.92, Percent Change: -6.68

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