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Barclays analyst Jiong Shao maintains Vipshop Holdings (NYSE:VIPS) with a Overweight and lowers the price target from $20 to $19.
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Vipshop was among the major e-commerce platforms that attended a symposium hosted by China's State Administration for Market Regulation to discuss enhancing product and service quality.
JP Morgan analyst Andre Chang maintains Vipshop Holdings (NYSE:VIPS) with a Overweight and lowers the price target from $21 to $17.
U.S. stock futures rise, Nasdaq 100 gains 200 points. Vipshop shares fall 4.9% after reporting Q2 earnings below expectations. Other stocks dip in pre-market trading.