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The Zhitong Finance App learned that Morgan Stanley released a research report after Latin American e-commerce giant MercadoLibre (MELI.US) released results for the third quarter of 2026, sorted out six key points to maintain the company's “gain” rating, but lowered the target price from $2,450 to $2,350, while lowering the 2027 and 2028 EBIT forecasts by 16% and 14%, respectively. This mainly reflects rising logistics and marketing investment intensity, exchange rate drag down, and third-quarter profit margins falling short of expectations.
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The Zhitong Finance App learned that Morgan Stanley released a research report after Latin American e-commerce giant MercadoLibre (MELI.US) released results for the third quarter of 2026, sorted out six key points to maintain the company's “gain” rating, but lowered the target price from $2,450 to $2,350, while lowering the 2027 and 2028 EBIT forecasts by 16% and 14%, respectively. This mainly reflects rising logistics and marketing investment intensity, exchange rate drag down, and third-quarter profit margins falling short of expectations.
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