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Shares of Vipshop Holdings (VIPS) leaped as much as 11% Friday, as the online-discount retailer and other U.S.-traded China-based stocks got a boost from a rally in China’s stock market. Vipshop appears to be immune from China’s “challenging economy” and expects healthy revenue growth in Q3 and Q4, wrote Summit Research/W.R. Hambrecht analyst Henry Guo in a research note Friday. Investment bank Nomura, however, lowered its price target on Vipshop Scalper1 News
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