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Fly News Breaks for October 2, 2015
VIPS
Oct 2, 2015 | 08:58 EDT
Summit Research analyst Henry Guo views the recent weakness in shares of Vipshop as a buying opportunity. Vipshop is the dominant player in the China discount retailing market, Guo tells investors in a research note. The stock offers a way to gain exposure to China's eCommerce growth in the longer term, the analyst contends. He reiterates a Buy rating on the name with a $31 price target.
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.