ZTO Express (ZTO) Reports In-Line Q3 EPS, Beats on Revenues
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November 22, 2017 9:59 AM EST
Morgan Stanley raised its price target on ZTO Express (NYSE: ZTO) to $21.00 (from $18.70) while maintaining a Overweight rating following the company's 3Q. Both volumes and ASP beat forecasts by 2.1% in 3Q17, led by further market share gains with better-than-expected pricing control.
According... More
November 22, 2017 7:17 AM EST
HSBC raised its price target on ZTO Express (NYSE: ZTO) to $13.00 (from $12.50) while maintaining a Reduce rating.
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November 16, 2017 10:14 AM EST
By Jennifer Hughes and Julie Zhu
HONG KONG (Reuters) - It's not often Hong Kong can boast hotter initial public offerings than New York, but some recent deals and a potential pipeline of big Chinese tech floats suggest a shift in the balance between the two fundraising rivals.
While New York is set to top the IPO league this year, it's Hong Kong which is seeing the biggest pre-sale demand and first-day pops for new tech listings.
So far this year, the New York Stock Exchange has hosted listings worth $27.9 billion, more than double Hong Kong's $12.2... More
