By: Benzinga
UPDATE: Goldman Sachs Resumes Vipshop Holdings Limited at Buy on Growth Outlook
Goldman Sachs resumed coverage on Vipshop Holdings Limited (NYSE: VIPS ) with a Buy rating and a $33.50 price target. Goldman Sachs noted, "(We expect VIPS's quarterly results to provide incremental positive data points to support our $0.71 non-GAAP 2013E forecast. VIPS turned profitable in 3Q12 (non-GAAP EPS US$0.01) and
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