HSBC Maintains Hold on Tencent Music Enter Gr, Lowers Price Target to $7.4
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Charlene Liu has maintained a 'Hold' rating on Tencent Music Enter Gr (NYSE:TME) and lowered the price target from $8.4 to $7.4.
July 20, 2023 | 10:13 am
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NEGATIVE IMPACT
HSBC has maintained a 'Hold' rating on Tencent Music Enter Gr and lowered the price target from $8.4 to $7.4.
The lowering of the price target by HSBC indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100