Morgan Stanley Maintains Overweight on Tencent Music Enter Gr, Raises Price Target to $13.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Poon has maintained an Overweight rating on Tencent Music Entertainment Group (TME) and increased the price target from $11 to $13.5.
March 20, 2024 | 4:02 pm
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Morgan Stanley has maintained an Overweight rating on Tencent Music Entertainment Group and raised the price target from $11 to $13.5.
The upgrade in the price target by a reputable analyst like Morgan Stanley suggests a strong confidence in the company's future performance. This is likely to be viewed positively by the market, potentially leading to a short-term increase in TME's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100