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Fly News Breaks for May 16, 2018
JD, TCEHY, VIPS
May 16, 2018 | 08:19 EDT
Benchmark analyst Fawne Jiang lowered her price target on Vipshop shares to $19 from $24 to reflect a more gradual revenue contribution from the company's partnership with Tencent (TCEHY)and JD.com (JD). Along with the company's Q1 report, Vipshop noted the trial-and-error process and natural learning curve of working with new platforms, leading to its soft Q2 guidance and reservations regarding an accelerated partnership ramp-up, noted Jiang, who keeps a Buy rating on Vipshop shares.
News For VIPS;TCEHY;JD From the Last 2 Days
VIPS
Mar 28, 2024 | 06:54 EDT
HSBC lowered the firm's price target on Vipshop to $19 from $22.90 and keeps a Hold rating on the shares. The company's Q1 revenue growth "could disappoint" as unpredictable weather weakened demand, the analyst tells investors in a research note. The firm says that while Vipshop's margin should stay resilient, its user growth may slow down.
TCEHY
Mar 27, 2024 | 16:24 EDT
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TCEHY
Mar 27, 2024 | 12:00 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here