UPDATE: Pacific Crest Securities Downgrades MercadoLibre on Unfavorable Risk/Reward
November 06, 2013 at 10:15 AM EST
In a report published Wednesday, Pacific Crest Securities analyst Chad Bartley downgraded the rating on MercadoLibre (NASDAQ: MELI ) from Outperform to Sector Perform, and removed the $136.00 price target. In the report, Pacific Crest Securities noted, “MercadoLibre is a leader in Latin America, but the risk/reward is unfavorable. We