BEST Inc. (BSTI) Misses Q3 EPS by 5c, Revenues Beat; Offers FY18 Revenue Guidance Below Consensus

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Go back to BEST Inc. (BSTI) Misses Q3 EPS by 5c, Revenues Beat; Offers FY18 Revenue Guidance Below Consensus

BEST Inc. (BSTI) PT Lowered to $8 at KeyBanc Following 3Q

November 12, 2018 7:11 AM EST

KeyBanc analyst, Hans Chung, lowered the price target on BEST Inc. (NYSE: BSTI) to $8.00 (from $11.00) while maintaining a Overweight rating. BSTI reported revenue of ¥7.19B, slightly above consensus of ¥7.09B. Gross margin of 5.4% was below consensus of 8.0%, equating to non-GAAP EBITDA of ¥1M,... More