HSBC analyst Charlene Liu lowered the firm’s price target on Baozun to $4.20 from $4.50 and keeps a Hold rating on the shares. The analyst says sluggish electronics sales and weak advertising sentiment could continue to cloud the company’s sales recovery.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on BZUN: