Citigroup Downgrades MercadoLibre to Neutral, Lowers Price Target to $1950

Benzinga Newsdesk www.benzinga.com Negative 87.9%

Neg 87.9% Neu 0% Pos 0%

Citigroup analyst Joao Pedro Soares downgrades MercadoLibre (NASDAQ:MELI) from Buy to Neutral and lowers the price target from $2200 to $1950.