Information Provided By:
Fly News Breaks for January 23, 2019
VIPS
Jan 23, 2019 | 08:00 EDT
As previously reported, KeyBanc analyst Hans Chung upgraded Vipshop to Overweight from Sector Weight, with a $10 price target. The analyst notes that sales turnovers have improved driven by a streamlined focus on the apparel category, discounted products in merchandising, and straightforward promotions via pricing discount, mix shift toward apparel should help improve gross margin, and deteriorating inventory level in the apparel industry since 2H18 should be a favorable trend for the company as he believes Vipshop's strength in merchandising and brand name for off-price retail will benefit itself in the destocking cycle.
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.