B of A Securities Maintains Buy on Tencent Music Enter Gr, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lei Zhang maintains a Buy rating on Tencent Music Entertainment Group (NYSE:TME) but lowers the price target from $18 to $15.
August 14, 2024 | 11:47 am
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B of A Securities analyst Lei Zhang maintains a Buy rating on Tencent Music Entertainment Group (NYSE:TME) but lowers the price target from $18 to $15.
The Buy rating suggests continued confidence in the stock, but the lowered price target indicates tempered expectations for short-term growth. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100