MercadoLibre Sags; Citi Starts Coverage With “Sell”

Citicorp analyst Gustavo Piras Oliveira this morning launched coverage of Latin American Internet player MercadoLibre (MELI) with a Sell rating and a $14 price target. He simply thinks the stock is too expensive given current risks. Oliveira notes that the company, which operates “the largest online trading platform [more...]

Date: 2008-12-17 16:17:37

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