BofA lowered the firm’s price target on Vipshop (VIPS) to $17.20 from $17.80 and keeps a Buy rating on the shares. The firm, which expects Vipshop to report Q2 results in mid-August, lower its 2025-26 net revenue and non-GAAP net profit estimates by 2% to reflect continued pressure in standardized products’ sales.
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