Benchmark Maintains Buy on Tencent Music Enter Gr, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Fawne Jiang maintains a Buy rating on Tencent Music Entertainment Group (NYSE:TME) but lowers the price target from $19 to $15.

August 14, 2024 | 2:12 pm
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Benchmark analyst Fawne Jiang maintains a Buy rating on Tencent Music Entertainment Group (NYSE:TME) but lowers the price target from $19 to $15.
The Buy rating suggests continued confidence in the company's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100