Mizuho Maintains Buy on Tencent Music Enter Gr, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Wei Fang maintains a Buy rating on Tencent Music Entertainment Group (TME) and raises the price target from $13 to $15.
May 10, 2024 | 12:08 pm
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Mizuho analyst Wei Fang reaffirmed a Buy rating on Tencent Music Entertainment Group, increasing the price target from $13 to $15.
The upgrade in the price target by a reputable analyst suggests a positive outlook on the company's future performance, which could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100