Bernstein Maintains Outperform Rating for ZTO Express (Cayman): Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Bernstein has maintained its Outperform rating for ZTO Express (Cayman) (NYSE:ZTO) but lowered its price target from $36.00 to $31.00. ZTO's shares are currently trading up 2.08% at $25.00 per share. A move to $31.00 would represent a 24.0% increase from the current share price.
August 31, 2023 | 5:00 pm
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Bernstein maintains Outperform rating for ZTO Express but lowers its price target. This could potentially lead to increased investor interest and a rise in share price.
The Outperform rating maintained by Bernstein indicates a positive outlook for ZTO Express. However, the lowering of the price target might indicate a more conservative estimate of the company's future performance. This could potentially attract investors looking for stocks with positive ratings, leading to an increase in demand and a rise in the share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100