Morgan Stanley Raises its Price Target on ZTO Express (ZTO)
Morgan Stanley raised its ZTO Express (NYSE:ZTO) price target to $30.10 from $28.50 and kept an Overweight rating, citing forecast increases after Q1 results, market share gains, and improved unit profitability. BofA cut its target to $25.60 from $27 and maintained Neutral, citing a potential Alibaba stake sale overhang. ZTO reported Q1 adjusted EPS of RMB2.95 and revenue of RMB13.282B.



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