Vipshop Q4 sales growth to be ‘better than feared,’ says UBS

UBS analyst Wei Xiong expects Vipshop’s (VIPS) Q4 revenue growth to come in “better than feared” at down 7.4% year-over-year versus the consensus estimates of down 8.6%, thanks to better than expected December sales. The firm says favorable weather conditions and front-loaded Chinese New Year consumption should help apparel sales to rebound month-over-month in December, together with Vipshop’s heightened subsidies during its annual anniversary celebration. The firm keeps a Neutral rating on the shares with a $15 price target