BEST (BSTI) Now Covered by Citigroup
Investment analysts at Citigroup started coverage on shares of BEST (NYSE:BSTI) in a research note issued on Tuesday. The brokerage set an “outperform” rating and a $13.00 price target on the stock. Citigroup’s price objective points to a potential upside of 43.01% from the stock’s previous close.
BSTI has been the topic of a number of other research reports. Credit Suisse Group began coverage on BEST in a research report on Monday, October 16th. They issued an “outperform” rating on the stock. Stifel Nicolaus began coverage on BEST in a research report on Monday, October 16th. They issued a “buy” rating and a $16.00 target price on the stock. Goldman Sachs Group began coverage on BEST in a research report on Sunday, October 15th. They issued a “buy” rating and a $16.60 target price on the stock. KeyCorp initiated coverage on BEST in a research report on Monday, October 16th. They issued an “overweight” rating and a $16.00 target price on the stock. Finally, Deutsche Bank initiated coverage on BEST in a research note on Monday, October 16th. They issued a “buy” rating for the company. Eight analysts have rated the stock with a buy rating, BEST has an average rating of “Buy” and an average price target of $14.92.
Shares of BEST (NYSE BSTI) opened at $9.09 on Tuesday. BEST has a 1 year low of $8.80 and a 1 year high of $13.25.
A hedge fund recently bought a new stake in BEST stock. Janney Montgomery Scott LLC purchased a new stake in BEST Inc (NYSE:BSTI) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,600 shares of the company’s stock, valued at approximately $127,000. 13.31% of the stock is owned by hedge funds and other institutional investors.
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BEST Inc is engaged in providing supply chain solutions. The Company offers a cloud based platform, BEST Cloud which is integration of online and offline retail to offer delivery. It provides technology-enabled solutions to its users. The Company’s service offerings include BEST supply chain management, BEST express, BEST freight, BEST store+, BEST global, BEST cargo and BEST Ucargo.
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