JPMorgan (JPM) has revised its stance on MercadoLibre, Inc. (MELI), downgrading the e-commerce giant to Neutral from Overweight. Analysts at the firm cite limited room for upward revisions to consensus estimates alongside short-term pressures on MercadoLibre, Inc.'s financial results as it looks to scale its logistic capabilities as reasons behind the move.

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This post was written by Angel Smith