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Fly News Breaks for August 12, 2015
VIPS
Aug 12, 2015 | 07:20 EDT
Summit Research analyst Henry Guo says the 13% post-earnings pullback yesterday in shares of Vipshop is overdone. the The company's core segments revenue grew 97% year-over-year in the June quarter, suggesting its business fundamentals are strong, Guo tells investors in a research note. He lowered his price target for the shares to $31 from $35 and keeps a Buy rating on the name.
News For VIPS 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.