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MercadoLibre (MELI -3.4%) closed lower after Stifel (Sell) argued once again (previous) Amazon...
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Friday, September 21, 2012, 5:47 PM ETMercadoLibre (MELI -3.4%) closed lower after Stifel (Sell) argued once again (previous) Amazon (AMZN) is planning to enter the Brazilian e-commerce market. Brazil accounted for nearly half of MercadoLibre's Q2 revenue, with sales growing at a 36% Y/Y clip. Also, Deutsche launched coverage with a Hold, declaring shares "fairly valued" at current levels.
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