 BofA analyst Fan Tso upgraded ZTO Express Cayman Inc NYSE:ZTO to Buy from Neutral and raised the price target to 36 an upside of 24.8, from 31. The analysts base case is now that the governments scrutiny over the industrys price war will remain in place as the country heads into the twice-a-decade party congress in 2022, which will cause recent industry price discipline to likely hold and provide ZTO with a stable average selling price outlook. 