BofA raised the firm’s price target on ZTO Express (ZTO) to $26 from $22 and keeps a Neutral rating on the shares, reflecting recent proactive share buybacks and a 1% increase in the firm’s FY26 earnings forecast.
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Read More on ZTO:
- ZTO Express Steps Up February Share Buybacks Around Convertible Notes Offering
- ZTO Express Executes HK$3.27 Billion Share Buyback Tied to Convertible Notes
- Macquarie upgrades ZTO Express on better unit economics
- ZTO Express upgraded to Outperform from Neutral at Macquarie
- ZTO Express announces proposed offering of $1.5B in convertible notes due 2031
