real-time news and commentary for investors
Wednesday, Sep 18
Vipshop upgraded to Buy by Deutsche Bank
- Deutsche Bank upgrades Vipshop (VIPS) to Buy from Hold and hikes its PT to $66.
- Analyst Michael Tong notes that channel checks suggest a rebound in website traffic in July and Aug. from a June slowdown. He expects Vipshop to benefit from "its unique consignment model and improving fulfillment capabilities, which should solidify segment leadership."