MercadoLibre Shares Fall After UBS Downgrade

MT Newswires Live
Apr 30

MercadoLibre (MELI) shares fell 2.1% in Wednesday trading after UBS downgraded the stock to neutral from buy and lowered its price target to $2,050 from $2,700.

Trading volume stood at over 296,000 shares, compared with a daily average of 533,726.

Price: 1750.24, Change: -41.75, Percent Change: -2.33

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