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<Research>BofAS Reduces ZTO Express (ZTO.US) TP by 21% w/ Rating Downgraded to Neutral
Recommend 4 Positive 3 Negative 7 |
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According to a research report from BofA Securities, given that ZTO EXPRESS-W (02057.HK) (ZTO.US) delivered 1Q25 results below market expectations, the broker downgraded its rating from Buy to Neutral and lowered the target price for its US shares by 21% from USD24 to USD19. BofA Securities estimated that ZTO EXPRESS-W would have limited catalysts down the road due to intense price competition in the industry. AAStocks Financial News |
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