State Post Bureau: China's express delivery business volume exceeded 80 billion in the first half of the year.

According to the monitoring data of the State Post Bureau, as of June 30th, this year's express business volume in China has reached 80 billion, 59 days earlier than in 2023.

Zhitong FinanceJul 1 09:20

Here's Why Investors Should Retain ZTO Express (ZTO) Stock

Yahoo FinanceJun 27 22:53

Dah Sing downgrades ZTO Express (ZTO.US) rating to "neutral" with a target price of $21.2.

Macquarie released a report, lowering the profit forecast for ZTO Express (ZTO.US) (02057.HK) by 2% and 4% for the next two years, reflecting pressure on revenue. The target price of the stock on the US market has dropped from $25.8 to $21.2, and the investment rating was downgraded from "outperform" to "neutral". The bank pointed out that the trend of downgrading mainland Chinese consumer index continued, leading to frequent promotions and merchant discounts, which will shift pressure to delivery companies as merchants and e-commerce platforms will promote more cost-effective delivery solutions. The bank also indicated that third-party logistics pricing competition remains intense, with the industry's average freight rates falling 4% last year and another cumulative 1% this year.

AASTOCKSJun 27 10:50

ZTO Express (Cayman) Price Target Announced at $21.20/Share by Macquarie

ZTO Express (Cayman) Price Target Announced at $21.20/Share by Macquarie

Dow JonesJun 27 02:36

ZTO Express (Cayman) Cut to Neutral From Outperform by Macquarie

ZTO Express (Cayman) Cut to Neutral From Outperform by Macquarie

Dow JonesJun 27 02:36

Macquarie Downgrades ZTO Express (Cayman) to Neutral, Announces $21.2 Price Target

Macquarie analyst Ellie Jiang downgrades ZTO Express (Cayman) (NYSE:ZTO) from Outperform to Neutral and announces $21.2 price target.

BenzingaJun 27 02:26