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Fly News Breaks for May 14, 2015
VIPS
May 14, 2015 | 12:06 EDT
Piper Jaffray attributes today's pullback in Vipshop shares to the company's June quarter revenue guidance, which the firm said came in 2.5% below the Street consensus view. The firm said it saw no fundamental reason for the guidance miss aside from the growth rate of the business being below expectation and it continues to believe in Vipshop's long-term opportunity. Piper keeps its Overweight rating and $30 price target on the stock.
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