Morgan Stanley analyst Andrew Ruben lowered the firm’s price target on MercadoLibre (MELI) to $2,600 from $2,800 and keeps an Overweight rating on the shares. Investments are yielding uplifts in user experience and growth, supporting longer-term operating leverage, but the firm decreased its 2026 and 2027 EBIT estimates by 14% each as investments persist, the analyst tells investors after a call with the company’s CFO.
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