UPDATE: Deutsche Bank Raises PT to $90 on MercadoLibre on Improved EBITDA
February 26, 2013 at 08:29 AM EST
Deutsche Bank maintained MercadoLibre (NASDAQ: MELI ) with a Hold rating and raised the price target from $84.00 to $90.00. Deutsche Bank commented, "MELI reported in-line GMV and revenue growth, missed TPV, but EBITDA beat expectations by 12%. Margin improvement was a function of efficiency gains in all line items,
