MercadoLibre (MELI) Tops Q1 EPS by 4c, Revenues Beat
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Coronavirus crisis fuels Brazil e-commerce shift as malls suffer
May 4, 2020 7:09 AM EDTBy Gabriela Mello
SAO PAULO (Reuters) - Brazil's battered retailers are starting to reopen after weeks of coronavirus lockdown but may exit the crisis transformed, with the e-commerce sector strengthened and brick-and-mortar chains facing an uphill path to normality.
That is potential good news for major local online retailers B2W Companhia Digital SA , Magazine Luiza SA and Via Varejo SA , despite increasing competition from international players Mercado Libre (NASDAQ: MELI) and Amazon.com (NASDAQ: AMZN) in Latin America's largest... More
MercadoLibre (MELI) PT Lowered to $720 at Credit Suisse
May 4, 2020 6:30 AM EDTCredit Suisse analyst Stephen Ju lowered the price target on MercadoLibre (NASDAQ: MELI) to $720.00 (from $760.00) while maintaining a Outperform rating.... More
