As previously reported, Macquarie analyst Wendy Huang upgraded Vipshop (VIPS) to Outperform from Neutral following the company's revenue and earnings beat in Q4. Huang believes the company's recently announced tie-up with Tencent (TCEHY) and JD.com (JD) has strengthened its growth prospects, as it can accelerate user acquisitions and help the company attract more brands and better products to sell. Huang, who also reiterated JD.com as her top pick among e-commerce names, has a $20 price target on Vipshop shares.
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