B of A Securities Maintains Buy on Tencent Music Enter Gr, Raises Price Target to $12.3
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lei Zhang maintains a Buy rating on Tencent Music Entertainment Group (TME) and raises the price target from $10.5 to $12.3.
March 20, 2024 | 11:10 am
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POSITIVE IMPACT
B of A Securities has maintained a Buy rating on Tencent Music Entertainment Group and increased the price target from $10.5 to $12.3.
The upgrade in the price target by a reputable analyst like Lei Zhang from B of A Securities suggests a positive outlook on the stock's future performance. This is likely to instill confidence among investors, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100