UBS downgraded MercadoLibre (MELI) to Neutral from Buy with a price target of $2,050, down from $2,700. The company’s Investments “should take a while to be translated to margins,” the analyst tells investors in a research note. UBS believes MercadoLibre’s margins will remain under pressure and only start to recover from 2027 onward. The firm believes the shares are airily valued when adjusted for the company’s long-term growth versus peers.
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