MercadoLibre price target raised to $1,625 from $1,500 at Susquehanna

Susquehanna analyst James Friedman raised the firm’s price target on MercadoLibre to $1,625 from $1,500 and keeps a Positive rating on the shares. The firm believes the reopening of MercadoLibre’s Brazilian credit book may have begun. The company’s August FIDC data indicates credit may have grown an “impressive” 5% month-over-month, continuing the trend of origination acceleration for the second consecutive month, the analyst tells investors in a research note. Susquehanna remains positive on the shares.