Tencent Music Entertainment Group shares are trading lower after Citigroup downgraded the stock from Buy to Neutral and lowered its price target from $9.7 to $7.5.
Portfolio Pulse from Benzinga Newsdesk
Tencent Music Entertainment Group's stock has been downgraded from Buy to Neutral by Citigroup, with the price target also being lowered from $9.7 to $7.5. This has resulted in the shares trading lower.
July 31, 2023 | 5:03 pm
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Tencent Music Entertainment Group's stock has been downgraded by Citigroup, leading to a decrease in share price.
The downgrade of Tencent Music Entertainment Group's stock by Citigroup from Buy to Neutral, along with a decrease in the price target, has led to a decrease in the share price. This is a direct impact of the analyst rating on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100