In a report published Wednesday, Deutsche Bank analyst Alan Hellawell III reiterated a Buy rating and $243.00 price target on Vipshop Holdings Ltd. VIPS.
In the report, Deutsche Bank noted, “Having recently finished a series of onsite visits and calls with VIPS senior mgmt, we believe the business to be trending above our expectations for 2014. Discussions focused on the gradual rise of competition, mobile conversion and fulfilment expansion plans. Maintain Buy on strong organic flash sales growth.”
Vipshop Holdings Ltd. closed on Tuesday at $176.70.
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