Bernstein Maintains Outperform on ZTO Express (Cayman), Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Bernstein has maintained its 'Outperform' rating on ZTO Express (Cayman) (NYSE:ZTO) but has lowered the price target from $36 to $31.

August 31, 2023 | 3:12 pm
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Bernstein has maintained its 'Outperform' rating on ZTO Express (Cayman) but has lowered the price target from $36 to $31.
While the 'Outperform' rating suggests that Bernstein expects ZTO Express to outperform the market, the lowering of the price target could indicate a tempered expectation of the stock's future performance. This could potentially lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100