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Meanwhile, Morgan Stanley downgraded PepsiCo to equal weight. 7 a.m.: FedEx could slide more than 30% as 'structural challenges' are here to stay, Morgan Stanley says Morgan Stanley analyst Ravi Shanker downgraded FedEx to underweight from equal weight after the shipping company's earnings came in below expectations. — Pia Singh 6:33 a.m.: E-commerce stock MercadoLibre has more than 18% upside, according to Morgan Stanley Morgan Stanley is bullish on Argentine e-commerce firm MercadoLibre . — Pia Singh 5:49 a.m.: Evercore ISI hikes Amazon price target Evercore ISI is betting big on Amazon's streaming service. — Pia Singh 5:49 a.m.: Morgan Stanley downgrades PepsiCo Don't expect PepsiCo shares to make much headway going forward, according to Morgan Stanley.
Persons: Morgan Stanley, Ravi Shanker, Shanker, — Pia Singh, Morgan Stanley Morgan Stanley, Andrew Ruben, Ruben, Morgan Stanley downgrades ASML, ASML, Lee Simpson, Simpson, Mark Mahaney, Mahaney, Andy Jassy, Dara Mohsenian, OSG, Mohsenian, Fred Imbert Organizations: CNBC, ISI, PepsiCo, FedEx, Semiconductor, Intel, NBA, Amazon Prime, Amazon, Pepsi Locations: FedEx's, Argentine, Argentina, Netherlands, China, Thursday's
Investors should consider buying shares of MercadoLibre , according to Morgan Stanley. Analyst Andrew Ruben reiterated an overweight rating on MercadoLibre and named it a top pick, saying the Latin American e-commerce and payments company has "multiple sources for earnings upside." "With new EBIT-level builds for eight MELI business lines, we see a durable base of profitable growth drivers," Ruben wrote Thursday. MELI 1D mountain MercadoLibre shares 1-day The analyst's $1,770 price target implies roughly 40% upside from Thursday's closing price of $1,266.80. MercadoLibre shares are 49% higher in 2023, though that follows two dismal years.
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