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Strategies & Market Trends : MELI MercadoLibre
MELI 235.73-0.1%Oct 20 8:10 PM EDTNews

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From: Savant8/3/2012 11:03:11 AM
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MercadoLibre Inc.'s (MELI, $82.40, +$15.88, +23.87%) second-quarter profit jumped
71% as the online marketplace reported an increase in users and items sold. The
results beat Street expectations and prompted J.P. Morgan to up its rating on the
stock to overweight from neutral and price target to $100 from $88.
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