Morgan Stanley lowered the firm’s price target on MercadoLibre (MELI) to $2,800 from $2,950 and keeps an Overweight rating on the shares. Logistics and marketing spending drive the firm’s 2026 EBIT down 8% on margins of 10.1%, down from a prior forecast of 11.5%, but it adds that investments drive growth and says its long-term conviction in profitability remains.
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