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MercadoLibre price target lowered to $2,700 from $2,800 at Wedbush

Wedbush lowered the firm’s price target on MercadoLibre (MELI) to $2,700 from $2,800 and keeps an Outperform rating on the shares. The firm notes the company delivered another quarter of strong top line growth, while operating income of $825M was short of expectations by about 6%.

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