MercadoLibre, Inc. Reports Fourth Quarter and Full Year 2016 Financial Results

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Go back to MercadoLibre, Inc. Reports Fourth Quarter and Full Year 2016 Financial Results

MercadoLibre (MELI) PT Raised to $211 at Cowen on 4Q Revenue Beat

February 24, 2017 6:39 AM EST

Cowen and Co. analyst Thomas Champion reiterates Market Perform rating and raises price target on MercardoLibre Inc. (NASDAQ: MELI) to $211 (from $192), noting the companys marketplace, payments and logistics working in concert, as management reported 2016 fourth quarter revenues above consensus projections.

Champion comments,... More