Analysts Offer Insights on Consumer Cyclical Companies: Meituan (OtherMPNGF) and Mercadolibre (MELI)
Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Meituan (MPNGF – Research Report) and Mercadolibre (MELI – Research Report).
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Meituan (MPNGF)
Bernstein analyst Robin Zhu maintained a Hold rating on Meituan on November 29 and set a price target of HK$85.00. The company’s shares closed last Wednesday at $12.28, close to its 52-week low of $12.09.
Zhu has an average return of
According to TipRanks.com, Zhu is ranked #1739 out of 10113 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Meituan with a $15.50 average price target, representing a 22.7% upside. In a report issued on December 1, Benchmark Co. also downgraded the stock to Hold.
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Mercadolibre (MELI)
BTIG analyst Marvin Fong maintained a Buy rating on Mercadolibre yesterday and set a price target of $2750.00. The company’s shares closed last Wednesday at $2119.83.
According to TipRanks.com, Fong is a 2-star analyst with an average return of
Mercadolibre has an analyst consensus of Strong Buy, with a price target consensus of $2793.64, a 32.0% upside from current levels. In a report issued on November 21, Morgan Stanley also maintained a Buy rating on the stock with a $2950.00 price target.
