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Fly News Breaks for February 14, 2018
VIPS
Feb 14, 2018 | 08:32 EDT
Benchmark analyst Fawne Jiang raised her price target on Vipshop (VIPS) to $24 from $12, stating that its partnership with Tencent (TCEHY) and JD.com (JD) is a "milestone" step with both substantial financial benefits and the potential to unleash Vipshop's strategic value as an e-commerce asset. Jiang reiterated her Buy rating on Vipshop shares following the company's "solid" Q4 report.
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