Daiwa Securities analyst Candis Chan downgraded Tencent Music Entertainment Group (NYSE: TME) from Buy (1) to Neutral (3) with a price target of $12.00.

For an analyst ratings summary and ratings history on Tencent Music Entertainment Group click here. For more ratings news on Tencent Music Entertainment Group click here.

Shares of Tencent Music Entertainment Group closed at $13.13 yesterday.