Baozun price target raised to $4.20 from $3.90 at Citi

Citi analyst Alicia Yap raised the firm’s price target on Baozun (BZUN) to $4.20 from $3.90 and keeps a Buy rating on the shares. Baozun reported a better than expected Q3 as product sales returned to growth, the analyst tells investors in a research note. The firm says that with the strategic transformation of distribution its model behind the company and growing traction of non-Tmall channels, advanced digital ad tool solution, Baozun’s growth outlook into 2025 is becoming more promising.