HSBC Maintains Hold on Vipshop Holdings, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Charlene Liu maintains a Hold rating on Vipshop Holdings (NYSE:VIPS) and lowers the price target from $22.9 to $19.
March 28, 2024 | 1:08 pm
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HSBC analyst Charlene Liu maintains a Hold rating on Vipshop Holdings and lowers the price target from $22.9 to $19.
The reduction in price target by HSBC, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Vipshop Holdings' stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100