NEW YORK (TheStreet) -- Vishop Holdings (VIPS) shares were upgraded to "outperform" from "neutral" by Credit Suisse (CS) on Tuesday. The firm also raised the price target for the company to $178 from $145.
Vishop Holdings is up 4.4% to $133.95 in premarket trading Tuesday.
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Credit Suisse sees the Chinese holding company as a stable buy in a volatile sector and expects growth to be driven by cosmetics.
"Amid recent sector volatility, we recommend investors to accumulate quality names such as VIPS at reasonable valuation." Credit Suisse said. "Growth in new key categories such as cosmetics and mother/baby goods are strategic focus for 2014."
TheStreet Ratings team rates VIPSHOP HOLDINGS LTD -ADR as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate VIPSHOP HOLDINGS LTD -ADR (VIPS) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."