Mizuho Maintains Buy on Tencent Music Enter Gr, Raises Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst James Lee has reaffirmed a Buy rating on Tencent Music Entertainment Group (TME) and increased the price target from $10 to $11.
January 17, 2024 | 5:30 pm
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Mizuho analyst James Lee maintains a Buy rating on Tencent Music Entertainment Group and raises the price target from $10 to $11.
The increase in price target by a reputable analyst typically signals a positive outlook on the company's future performance, which can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100