Citi Reduces PT on MercadoLibre (MELI) to $2,500 From $2,700, Keeps a Buy Rating

MercadoLibre, Inc. (NASDAQ:MELI) is one of the best large cap stocks to invest in for the long term. Citi slashed the price target on MercadoLibre, Inc. (NASDAQ:MELI) to 2,500from2,500 from 2,700 on November 17, keeping a Buy rating on the stock. The firm also opened a “90-day negative short-term” on the company, backing the outlook with investor concerns regarding a potential downward earnings estimate revisions and competition. Is MercadoLibre, Inc. (MELI) Among The Aggressive Stocks Picked by Hedge Funds? Ho ...