Baozun price target lowered to $5.20 from $6 at Citi

Citi lowered the firm’s price target on Baozun to $5.20 from $6 and keeps a Buy rating on the shares. The analyst believes Baozun’s Q2 results will likely be in-line with consensus estimates with possible in-line to slight upside on services revenue while product sales are likely remain soft. The firm expected “muted” results with a “soft” outlook.