Vipshop Holdings (VIPS) PT Lowered to $9 at UBS

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Go back to Vipshop Holdings (VIPS) PT Lowered to $9 at UBS

Citi Downgrades Vipshop Holdings (VIPS) to Sell, 'weak consumer sentiment is unlikely to reverse in the short-term'

May 20, 2022 6:34 AM EDT

Citi 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