UPDATE: JP Morgan Downgrades MercadoLibre to Neutral after a Strong Run
June 07, 2013 at 11:22 AM EDT
In a report published on Friday, JP Morgan analyst Andre Baggio downgraded MercadoLibre (NASDAQ: MELI ) from Overweight to Neutral and raised the price target from $101.00 to 120.00. In the report, JP Morgan noted, "We see valuation as fair given existing downside risks, including: (1) devaluation in
