MarketBeat Analyst action
Wall Street Zen Upgrades Vipshop (NYSE:VIPS) to "Buy"
Wall Street Zen has upgraded Vipshop (NYSE:VIPS) from a "hold" to a "buy" rating. This upgrade comes as Vipshop shares opened at $14.14, with institutional ownership at 48.82%, and several firms increasing their stakes. The broader analyst consensus for Vipshop remains a "Moderate Buy" with an average target price of $21.02.