Form 6-K Vipshop Holdings Ltd For: May 19
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Citi Downgrades Vipshop Holdings (VIPS) to Sell, 'weak consumer sentiment is unlikely to reverse in the short-term'
May 20, 2022 6:34 AM EDTCiti analyst Alicia Yap downgraded Vipshop Holdings (NYSE: VIPS) from Neutral to Sell with a price target of $7.80 (from $8.60).
The analyst comments "While 1Q22 revs came below guidance, it was in-line with our/consensus lowered estimates. Thanks to disciplined cost control, non-GAAP... More
