HSBC Maintains Hold Rating for Vipshop Holdings: Here's What You Need To Know

HSBC has decided to maintain its Hold rating of Vipshop Holdings VIPS and raise its price target from $12.50 to $14.40.

Shares of Vipshop Holdings are trading up 8.57% over the last 24 hours, at $15.38 per share.

A move to $14.40 would account for a 6.4% decline from the current share price.

About Vipshop Holdings

Vipshop Holdings Ltd is an online discount retailer for brands in China. The company offers branded products to consumers in China through flash sales on its vipshop.com, vip.com and lefeng.com websites. Flash sales represent an online retail format combining the advantages of e-commerce and discount sales through selling a finite quantity of discounted products or services online for a limited period of time. It deals in wide range of products and services for consumers specializing in branded cosmetics, apparel, healthcare products, food and other consumer products. Its operating segment includes Vip.com and Shan Shan Outlets. The company generates maximum revenue from Vip.com segment.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.