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Fly News Breaks for November 19, 2015
VIPS
Nov 19, 2015 | 07:26 EDT
Brean Capital lowered its price target on Vipshop to $17 from $25 following Q3 results. The company missed its previous guidance citing weather but also provided Q4 guidance below expectations. Brean Capital also cited expectations for increased costs of mobile customer acquisitions and rising competition. Brean Capital maintained its Buy rating on Vipshop shares.
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