招银国际：中通快递-W未来6至12个月快递单价或有惊喜 维持“买入”评级

Group 1 - The core viewpoint of the report is that ZTO Express (02057) experienced a year-on-year growth of 16.5% in express delivery volume in the second quarter, indicating strong operational performance [1] - The report suggests that there may be surprises in the average unit price over the next 6 to 12 months, which could act as a catalyst for the stock price [1] - The earnings forecast for ZTO Express for the years 2025 to 2027 has been slightly adjusted upwards by 1% to 2%, and the target price has been raised from HKD 174 to HKD 187, while maintaining a "Buy" rating [1]