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Fly News Breaks for November 14, 2019
VIPS
Nov 14, 2019 | 08:32 EDT
Benchmark analyst Fawne Jiang raised her price target on Vipshop shares to $15 from $12 after the company reported what she called "robust" Q3 results that featured accelerated user growth, improving user stickiness and continued margin recovery. She believes on-going cost reduction efforts could contribute additional earnings upside and keeps a Buy rating on Vipshop shares.
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