MercadoLibre price target raised to $2,000 from $1,850 at Susquehanna

Susquehanna raised the firm’s price target on MercadoLibre to $2,000 from $1,850 and keeps a Positive rating on the shares. The firm said although it seemed like an uncharacteristically “noisy” quarter from the company, the dip in the margins look attributable to factors such as expansion in 1P, the opening of a Mexico warehouse and sharp FX movement impacting cost of goods sold.