Deutsche Bank Starts Vipshop Holdings (VIPS) at Buy; Flash Sales Leader in China

Deutsche Bank initiates coverage on Vipshop Holdings (NYSE: VIPS) with a Buy. PT $11.05.

Analyst, Alan Hellawell, said, "Vipshop continues to distance itself from its peers in terms of gross merchandise value (GMV) and scale. Necessary heavy investment in logistics over the next year should gird the company from likely growing competition from the likes of B2C giants T-Mall and 360Buy. We initiate our coverage with Buy in expectation of a 2013 breakeven for this category leader."

For an analyst ratings summary and ratings history on Vipshop Holdings click here. For more ratings news on Vipshop Holdings click here.

Shares of Vipshop Holdings closed at $5.46 yesterday.

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