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VIPS

Vipshop

$5.41

0.345 (6.82%)

08:43
10/15/18
10/15
08:43
10/15/18
08:43

Vipshop price target lowered to $5.40 from $8 at Citi

Citi analyst Alicia Yap lowered her price target for Vipshop to $5.40 citing "softening" sales post the company's Q2 results. The analyst keeps a Sell rating on the name. In light of the trade-war overhang and potential softening China macro, Vipshop will likely shift its strategy to focus mainly on discount overstock merchandise as well as servicing a broader group of smaller merchants, Yap tells investors in a research note. The analyst struggles to find visibility on near-term growth reacceleration and sees no chance of a recapitalization option to unlock company value.

VIPS Vipshop
$5.41

0.345 (6.82%)

10/10/18
10/10/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Vipshop (VIPS) downgraded to Neutral from Overweight at JPMorgan with analyst Alex Yao saying as the "tough competitive environment and harder-than-expected synergy generation," Vipshop is likely to adjust its strategy to re-focus on core off-season apparel distribution and prioritize profitability over sales growth. 2. International Paper (IP) downgraded to Neutral from Buy at Goldman Sachs while WestRock (WRK) was downgraded to Buy from Conviction Buy. 3. Clorox (CLX), Church & Dwight (CHD), and Kimberly-Clark (KMB) were downgraded to Sell from Hold at Deutsche Bank. 4. Sherwin-Williams (SHW) downgraded to Neutral from Buy at Citi with analyst P.J. Juvekar saying "tough" market comments from companies like H.B. Fuller (FUL), PPG (PPG) and RPM (RPL) suggest that coatings companies are likely to be challenged by rising raw materials costs and slowing growth in key end markets, including China. 5. KKR (KKR) downgraded to Neutral from Buy at BofA/Merrill with analyst Michael Carrier citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/10/18
JPMS
10/10/18
DOWNGRADE
Target $6
JPMS
Neutral
JPMorgan downgrades Vipshop to Neutral on expected strategy shift
JPMorgan analyst Alex Yao last night downgraded Vipshop to Neutral from Overweight and lowered his price target for the shares to $6 from $11. Given the "tough competitive environment and harder-than-expected synergy generation," Vipshop is likely to adjust its strategy to re-focus on core off-season apparel distribution and prioritize profitability over sales growth, Yao tells investors in a research note. The analyst believes such a strategy change introduces downside risk to revenue growth over the next 12 months. He feels catalysts for a meaningful stock price rebound are lacking given a "dampened growth outlook."
10/09/18
JPMS
10/09/18
DOWNGRADE
JPMS
Neutral
Vipshop downgraded to Neutral from Overweight at JPMorgan
08/15/18
BNCH
08/15/18
NO CHANGE
Target $12
BNCH
Buy
Vipshop price target lowered to $12 from $19 at Benchmark
Benchmark analyst Fawne Jiang lowered her price target on Vipshop (VIPS) to $12 after the company reported soft Q2 results and gave Q3 guidance that indicated an organic revenue deceleration on top of a limited contribution from the Tencent (TCEHY) and JD.com (JD) channels. She believes Vipshop continues to face growth challenges due to increasing competition and changing industry dynamics in China, but keeps a Buy rating on the shares as she expects significant synergies to be unlocked from the Tencent and JD partnerships over the longer-term.

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