CLSA Initiates Coverage On Tencent Music Enter Gr with Outperform Rating, Announces Price Target of $10.5
Portfolio Pulse from Benzinga Newsdesk
CLSA analyst Maggie Ye initiates coverage on Tencent Music Enter Gr (NYSE:TME) with an Outperform rating and a price target of $10.5.
February 05, 2024 | 11:12 am
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CLSA initiated coverage on Tencent Music Enter Gr with an Outperform rating and a price target of $10.5.
The initiation of coverage by CLSA with an Outperform rating and a specific price target of $10.5 suggests a positive outlook on TME's stock. This could lead to increased investor interest and potentially drive the stock price up in the short term, as market participants often react positively to favorable analyst coverage.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100