Morgan Stanley Maintains Equal-Weight on Vipshop Holdings, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Eddy Wang maintains an Equal-Weight rating on Vipshop Holdings (NYSE:VIPS) but lowers the price target from $16 to $14.
August 20, 2024 | 5:43 pm
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Morgan Stanley has maintained its Equal-Weight rating on Vipshop Holdings but has lowered the price target from $16 to $14, indicating a less optimistic outlook.
The lowering of the price target by Morgan Stanley suggests a less optimistic view on Vipshop's future performance, which could negatively impact the stock price in the short term.
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