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Fly News Breaks for May 28, 2019
VIPS
May 28, 2019 | 09:06 EDT
Citi analyst Alicia Yap upgraded Vipshop Holdings to Neutral from Sell and raised her price target for the shares to $8.30 from $6.40. Following its better than expected Q1 results, the analyst believes Vipshop is prioritizing expense control and margins improvement over sales growth. She believes the company's logistics optimization is likely to drive margin upside relative to expectations.
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