Morgan Stanley Raises its Price Target on ZTO Express (ZTO)
Morgan Stanley has increased its price target on ZTO Express (ZTO) to $30.10 from $28.50, maintaining an Overweight rating, citing market share gains and improved unit profitability after the company's Q1 results. Conversely, BofA lowered its price target to $25.60 with a Neutral rating due to a potential stake sale by Alibaba following the termination of a 2018 investor agreement. ZTO Express reported Q1 adjusted EPS of RMB2.95 and revenue of RMB13.282B, with parcel volume growing 13.2%.
https://finance.yahoo.com/markets/stocks/articles/morgan-stanley-raises-price-target-132759795.html