Benchmark raised the firm’s price target on Vipshop to $29 from $19 and keeps a Buy rating on the shares. The firm views Q4 as “an inflection quarter” for Vipshop to establish a higher market conviction on its earnings growth visibility and it anticipates more “Long Only conversion” following the quarterly report, the analyst tells investors. Besides its sizable share repurchase program, the company has announced an annual dividend policy increasing capital return to shareholders, notes the firm, which cites upward earnings revisions for its increased price target.
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Read More on VIPS:
- VIPS Earnings: Vipshop Soars on Impressive Q4 Performance
- Vipshop sees Q1 revenue flat to up 5%, consensus $4.03B
- Vipshop reports Q4 EPS 82c, consensus 71c
- VIPS Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Citi ups Vipshop target, opens ‘positive catalyst watch’
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