B of A Securities Upgrades ZTO Express (Cayman) to Buy, Raises Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Fan Tso upgrades ZTO Express (Cayman) (NYSE:ZTO) from Neutral to Buy and raises the price target from $22 to $29.
March 21, 2024 | 11:30 am
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ZTO Express (Cayman) was upgraded from Neutral to Buy by B of A Securities, with a price target increase from $22 to $29.
The upgrade from Neutral to Buy by a major analyst and the significant increase in price target suggests a strong bullish outlook for ZTO Express. This is likely to positively influence investor sentiment and potentially drive the stock price up in the short term.
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IMPORTANCE 90
RELEVANCE 100