UBS Upgrades Tencent Music Enter Gr to Buy, Announces $10.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Kenneth Fong has upgraded Tencent Music Entertainment Group (TME) from Neutral to Buy and set a price target of $10.5.

January 24, 2024 | 2:22 pm
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Tencent Music Entertainment Group was upgraded by UBS analyst Kenneth Fong from Neutral to Buy with a price target of $10.5.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved future performance or undervaluation. The new price target of $10.5 indicates a potential upside from the current trading price, which can attract investors and drive up the stock price.
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