Fly News Breaks for December 16, 2019
Dec 16, 2019 | 08:08 EDT
KeyBanc analyst Hans Chung raised his price target for Vipshop to $18 from $14 and maintained an Overweight rating, saying he thinks the company can beat the high end of Q4 guidance given multiple sales indicators tracking in line to better. The analyst says he expects multiple expansion for the stock given solid execution and margin expansion in 2019 and potential growth acceleration in 2020.
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