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Fly News Breaks for June 22, 2015
VIPS
Jun 22, 2015 | 06:07 EDT
Summit Research attributes the recent weakness in shares of Vipshop to concerns about top-line growth deceleration. The firm, however, believes the deceleration is due tough year-over-year comparisons and not competition or market share loss. It recommends buying Vipshop on the recent selloff and reiterates a Buy rating on the name with a $35 price target.
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