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eBay said it's selling most of its 20% stake in Mercadolibre (MELI), which creates a 'large overhang' for the Latin American e-commerce company's stock, Citi analysts say.
MercadoLibre's (MELI) stock rating was increased to 'overweight' from 'neutral' at JPMorgan on Friday.
This online marketplace from south of the border is an emerging-market gem.