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Strategies & Market Trends : Greater China Stocks

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From: Julius Wong	8/15/2019 10:23:30 PM
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Vipshop +18% as analysts move ratings to Buy after earnings Vipshop Holdings (NYSE: VIPS) has jumped 17.8% a day after it posted outlier earnings with sharp gains in profits. That's brought a number of analysts off the sidelines. Credit Suisse has upgraded the ADRs to Outperform, from Neutral. Making the same move: CICC (which has raised its price target to $8.50 from $8, implying 15% upside) and Jefferies, which has raised its price target to $8.60 from $8.50. Bullish JPMorgan likes what it sees, reiterating its Overweight rating and $11 price target (now implying 49% upside). Margin improvement was "way ahead of expectations" and there should be more ahead, Andre Chang says, as the company cuts costs and improves logistics.

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