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) but lowers the price target from $31 to $30.
October 30, 2024 | 5:00 pm
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NEUTRAL IMPACT
JP Morgan maintains an Overweight rating on ZTO Express but lowers the price target from $31 to $30, indicating a slight decrease in expected valuation.
The Overweight rating suggests continued confidence in ZTO Express, but the lowered price target indicates a slight reduction in expected valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100