BEST Inc (NASDAQ:BSTI) Research Coverage Started at J P Morgan Chase & Co

J P Morgan Chase & Co assumed coverage on shares of BEST Inc (NASDAQ:BSTI) in a research report sent to investors on Tuesday, October 17th, Marketbeat.com reports. The brokerage issued an overweight rating on the stock.

Other equities research analysts have also issued reports about the company. Deutsche Bank AG started coverage on BEST in a research note on Monday, October 16th. They issued a buy rating for the company. Stifel Nicolaus assumed coverage on shares of BEST in a research note on Monday, October 16th. They issued a buy rating and a $16.00 price objective for the company. Credit Suisse Group began coverage on shares of BEST in a report on Monday, October 16th. They set an outperform rating on the stock. KeyCorp began coverage on shares of BEST in a report on Monday, October 16th. They issued an overweight rating and a $16.00 price target on the stock. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of BEST in a research report on Sunday, October 15th. They set a buy rating and a $16.60 target price for the company. Six investment analysts have rated the stock with a buy rating, BEST has an average rating of Buy and an average price target of $16.20.

BEST (NASDAQ:BSTI) traded up $0.49 during trading on Tuesday, hitting $11.75. The company had a trading volume of 650,601 shares, compared to its average volume of 2,240,000. BEST has a 52 week low of $10.31 and a 52 week high of $13.25.

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An institutional investor recently bought a new position in BEST stock. New York State Common Retirement Fund bought a new stake in BEST Inc (NASDAQ:BSTI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,969 shares of the company’s stock, valued at approximately $203,000.

BEST Company Profile

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.

Analyst Recommendations for BEST (NASDAQ:BSTI)

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