Benchmark Maintains Buy on Tencent Music Enter Gr, Raises Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Fawne Jiang maintains a Buy rating on Tencent Music Entertainment Group (TME) and raises the price target from $9 to $14.
March 20, 2024 | 11:48 am
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Benchmark analyst Fawne Jiang maintains a Buy rating on Tencent Music Entertainment Group and raises the price target from $9 to $14.
The upgrade in the price target from $9 to $14 by Benchmark analyst Fawne Jiang is a strong positive signal for Tencent Music Entertainment Group. This adjustment suggests a bullish outlook on the company's future performance and potential for stock price appreciation. Given the direct impact of analyst ratings and price targets on investor sentiment and stock prices, this news is likely to positively influence TME's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100