Goldman Sachs Upgrades Tencent Music Enter Gr to Buy, Announces $14 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Ronald Keung upgrades Tencent Music Enter Gr (NYSE:TME) from Neutral to Buy and sets a $14 price target.
March 20, 2024 | 1:55 pm
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Goldman Sachs upgrades Tencent Music Enter Gr to Buy and sets a $14 price target.
Analyst upgrades typically lead to positive short-term price movements. The upgrade from Neutral to Buy by a reputable firm like Goldman Sachs, coupled with a specific price target of $14, suggests a strong bullish outlook for TME. This is likely to increase investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100