Seeking Alpha

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."
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