Tencent Music Entertainment Group shares are trading higher after Goldman Sachs upgraded the stock from Neutral to Buy and announced a $14 price target.
Portfolio Pulse from Benzinga Newsdesk
Tencent Music Entertainment Group's shares saw an increase following an upgrade by Goldman Sachs from Neutral to Buy, along with a new price target of $14.
March 20, 2024 | 2:16 pm
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Tencent Music Entertainment Group's stock received a positive outlook from Goldman Sachs, upgrading it to Buy and setting a price target of $14.
The upgrade by Goldman Sachs from Neutral to Buy typically signals a strong bullish outlook on the stock, suggesting an expectation of superior performance in the near term. The setting of a $14 price target further indicates a specific valuation expectation, likely to influence investor sentiment positively.
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