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<Research>CICC Elevates ZTO Express (ZTO.US) TP by 9% to USD25; Non-GAAP NP Beats
Recommend 4 Positive 3 Negative 2 |
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ZTO Express (ZTO.US) saw its single-ticket profit rise QoQ in 3Q25, according to a report from CICC. With the profit recovery driven by the industry's anti-involutionary price hikes, ZTO Express' non-GAAP net profit grew by 5% YoY or 22% QoQ to RMB2.506 billion, beating CICC's expectations. CICC lifted its target price for ZTO Express by 9% to USD25 and kept the Outperform rating unchanged. AAStocks Financial News |
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