JP Morgan Upgrades Vipshop Holdings to Overweight, Raises Price Target to $18
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Andre Chang upgrades Vipshop Holdings (NYSE:VIPS) from Neutral to Overweight and raises the price target from $16 to $18.
May 25, 2023 | 8:40 am
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JP Morgan upgrades Vipshop Holdings to Overweight and raises the price target from $16 to $18.
The upgrade from JP Morgan analyst Andre Chang is a positive signal for Vipshop Holdings. The raised price target from $16 to $18 indicates a bullish outlook on the stock, which may lead to an increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100