HSBC Maintains Hold on Tencent Music Enter Gr, Raises Price Target to $10.4
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Charlene Liu has maintained a Hold rating on Tencent Music Entertainment Group (TME) and increased the price target from $9.5 to $10.4.
March 20, 2024 | 11:42 am
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HSBC has maintained a Hold rating on Tencent Music Entertainment Group (TME) but raised the price target from $9.5 to $10.4.
The increase in price target by HSBC suggests a positive outlook on TME's future performance, potentially leading to increased investor confidence and a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100