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ZTO Express price target raised to $22 from $19 at BofA

BofA raised the firm’s price target on ZTO Express (ZTO) to $22 from $19 and keeps a Neutral rating on the shares. Following ZTO’s Q2 report, the firm lowers its FY25 core EPS forecast by 7%, but lifts its FY26-27 core EPS views by 1%-3% on higher ASP assumed and rolls its valuation basis to FY26.

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