Citigroup Upgrades Vipshop Holdings to Buy, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alicia Yap has upgraded Vipshop Holdings (NYSE:VIPS) from Neutral to Buy and increased the price target from $18 to $20.
November 15, 2023 | 11:08 am
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Citigroup upgraded Vipshop Holdings to Buy from Neutral and raised the price target to $20, indicating a positive outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or potential for the company. The increase in price target further reinforces the positive sentiment.
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