UPDATE: Citi Downgrades BEST Inc. (BSTI) to Neutral Citing Recent Equity Strength

(updated to add analyst comment and price target)

Citi downgraded BEST Inc. (NYSE: BSTI) from Buy to Neutral, price target $13.31.

Analyst Vivian Tao comments "We maintain our earnings forecasts as we expect BEST’s efficiency gain during 2-4Q2018 to offset the earnings miss in 1Q18. Our target price remains unchanged at US$13.31, implying only 6.7% ETR after BEST’s recent share-price outperformance."

For an analyst ratings summary and ratings history on BEST Inc. click here. For more ratings news on BEST Inc. click here.

Shares of BEST Inc. closed at $12.48 yesterday.

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