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Fly News Breaks for January 16, 2018
JD, TCEHY, VIPS
Jan 16, 2018 | 08:07 EDT
As previously reported, Bernstein analyst Bhavtosh Vajpayee upgraded Vipshop to Outperform from Market Perform saying that it has recently made another "remarkable recovery" in its fortunes and stock price. This time, however, the revival is not just riding on hope, but on a punchy alliance with both Tencent (TCEHY) and JD (JD), whose combined 12.5% stake in the company "promises a new tomorrow," the analyst argued. Vajpayee also raised his price target on Vipshot's shares to $23.50 from $9.20.
News For VIPS;TCEHY;JD From the Last 2 Days
JD
Apr 25, 2024 | 10:26 EDT
TCEHY
Apr 24, 2024 | 13:19 EDT
"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: This... To see the rest of the story go to thefly.com. See Story Here
