Tencent Music (TME) Tops Q1 EPS by 3c
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Citi Upgrades Tencent Music Entertainment Group (TME) to Buy, 'Healthy Sustainable Music Sub Revs & Margins'
May 17, 2023 6:02 AM EDTCiti analyst Alicia Yap upgraded Tencent Music Entertainment Group (NYSE: TME) from Neutral to Buy with a price target of $9.70 (from $8.20).
The analyst comments "TME delivered solid 1Q23 with total revs returning to positive growth of +5.4% yoy and adj. NP +57%... More
