Vipshop price target lowered to $15 from $17 at Citi

Citi analyst Alicia Yap lowered the firm’s price target on Vipshop to $15 from $17 and keeps a Neutral rating on the shares. With low expectations heading into the print, Vipshop did not disappoint, the analyst tells investors in a research note. The analyst views the Q4 report as "solid."