MercadoLibre price target raised to $1,685 from $1,450 at Credit Suisse

Credit Suisse analyst Stephen Ju raised the firm’s price target on MercadoLibre to $1,685 from $1,450 and keeps an Outperform rating on the shares ahead of quarterly results. The firm thinks there is a higher likelihood of e-commerce market share coalescing around MercadoLibre in the near- to medium-term.