Mizuho Maintains Outperform on Tencent Music Enter Gr, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Wei Fang maintains an Outperform rating on Tencent Music Entertainment Group (NYSE:TME) but lowers the price target from $17 to $16.
August 14, 2024 | 1:25 pm
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Mizuho analyst Wei Fang maintains an Outperform rating on Tencent Music Entertainment Group (NYSE:TME) but lowers the price target from $17 to $16.
The Outperform rating suggests continued confidence in TME's performance, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100