JP Morgan Maintains Overweight on ZTO Express (Cayman), Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Lin Chen maintains an Overweight rating on ZTO Express (Cayman) (NYSE:ZTO) but lowers the price target from $37 to $30.
March 21, 2024 | 4:03 pm
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JP Morgan maintains an Overweight rating on ZTO Express but lowers the price target from $37 to $30.
The reduction in price target by JP Morgan, despite maintaining an Overweight rating, could lead to short-term negative sentiment among investors, potentially impacting ZTO's stock price negatively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100