MercadoLibre price target raised to $2,500 from $2,200 at Barclays

Barclays raised the firm’s price target on MercadoLibre (MELI) to $2,500 from $2,200 and keeps an Overweight rating on the shares following the earnings report. The firm says “higher-margin” Argentina is “on the mend.” The improving profile of credit cards and adjusting issuance towards lower risk borrowers is a positive for MercadoLibre, the analyst tells investors in a research note.