Vipshop price target raised to $15.50 from $14.20 at HSBC

HSBC raised the firm’s price target on Vipshop to $15.50 from $14.20 and keeps a Hold rating on the shares post the Q3 report. The analyst says the company’s plans to increase the share buyback quota could provide share price support. However, Vipshop’s outlook faces increased challenges from macro conditions, competition, and higher return rate, the analyst tells investors in a research note.