Citigroup Maintains Buy on Vipshop Holdings, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alicia Yap maintains a Buy rating on Vipshop Holdings (NYSE: VIPS) but lowers the price target from $25 to $20.
May 23, 2024 | 4:53 pm
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NEUTRAL IMPACT
Citigroup analyst Alicia Yap maintains a Buy rating on Vipshop Holdings but lowers the price target from $25 to $20.
The Buy rating suggests continued confidence in Vipshop Holdings' performance, but the lowered price target indicates some caution about future growth. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100