Nomura Downgrades Vipshop(VIPS.US) to Hold Rating, Cuts Target Price to $14

Nomura analyst Jialong Shi downgrades $Vipshop(VIPS.US)$ to a hold rating, and adjusts the target price from $21 to $14.According to TipRanks data, the analyst has a success rate of 46.2% and a total

Futu NewsJun 29 20:31 · Ratings

Nomura Downgrades Vipshop Holdings to Neutral From Buy, Cuts Price Target to $14 From $21

MT NewswiresJun 28 18:52

Nomura downgraded vipshop (VIPS.US) to "neutral" with a target price of $14 amid intensified competition and worsening e-commerce ecology in the book "Da Hang".

Nomura released a report lowering the investment rating of VIPS.US from "Buy" to "Neutral" and lowering the target price from $21 to $14. The report states that Vipshop needs to make difficult choices between maintaining stable profit margins and revenue growth. The report also mentioned that the intensified competition among e-commerce giants has worsened the business environment, and the price competition in the e-commerce industry has never been so intense. PDD.US originally launched a low stock price strategy, which was imitated by Alibaba-SW (09988.HK) (BABA.US) and JD.com-SW (09618.HK) (JD.US). Alibaba and JD.com both

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MT NewswiresJun 27 22:41

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