Macquarie Downgrades ZTO Express (Cayman) to Neutral, Announces $21.2 Price Target
Portfolio Pulse from Benzinga Newsdesk
Macquarie analyst Ellie Jiang has downgraded ZTO Express (Cayman) (NYSE:ZTO) from Outperform to Neutral and set a price target of $21.2.
June 26, 2024 | 6:26 pm
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Macquarie analyst Ellie Jiang downgraded ZTO Express (Cayman) from Outperform to Neutral and set a price target of $21.2.
The downgrade from Outperform to Neutral by a reputable analyst and the setting of a price target at $21.2, which may be lower than current market expectations, is likely to negatively impact the stock price in the short term.
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