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Vipshop price target raised to $20 from $19 at Barclays

Barclays analyst Jiong Shao raised the firm’s price target on Vipshop (VIPS) to $20 from $19 and keeps an Overweight rating on the shares. The company beat Q4 estimates and management sounded positive for Q1 and beyond, the analyst tells investors in a research note. The firm says “green shoots” are emerging for Vipshop.

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