Mizuho Maintains Buy on Tencent Music Enter Gr, Raises Price Target to $17
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 $15 to $17.
May 14, 2024 | 10:49 am
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Mizuho analyst Wei Fang reaffirmed a Buy rating on Tencent Music Entertainment Group and increased the price target from $15 to $17, indicating a positive outlook on the company's future performance.
The upgrade in the price target by a reputable analyst suggests a strong confidence in the company's future performance and growth prospects. This is likely to be viewed positively by investors, potentially leading to an increase in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100