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Macquarie 'Increasingly Bullish' On Vipshop's Outlook

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Benzinga's Top Downgrades
Vipshop's Q2 Impresses Jefferies, But Its Price Target Suggests No Further Upside

Earlier Tuesday, Macquarie Group reiterated its Outperform rating on Vipshop (NYSE: VIPS) and raised the price target to $130 from $90.

In justifying such a large adjustment to its price target, Macquarie notes that data indicates Vishop has been "enjoying strong user base expansion" over the past few months.

In a contrasting view, Whitney Tilson said in a letter on Monday that he is short Vipshop.

Possibly trading on the release of the Macquarie note, Vipshop was up as much as 10 percent for the day.

Latest Ratings for VIPS

DateFirmActionFromTo
Aug 2016Deutsche BankDowngradesBuyHold
Aug 2016NomuraMaintainsBuy
Aug 2016Bank of AmericaUpgradesNeutralBuy

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Posted-In: MacquarieAnalyst Color Price Target Analyst Ratings

 

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