Daiwa Securities Downgrades Tencent Music Entertainment Group (TME) to Neutral (3)

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Tencent Music Entertainment Group (TME) PT Lowered to $15 at BofA Securities

August 14, 2024 6:43 AM EDT

BofA Securities analyst Lei Zhang lowered the price target on Tencent Music Entertainment Group (NYSE: TME) to $15.00 (from $18.00) while maintaining a Buy rating.

The analyst comments "Tencent Music (TME) delivered a largely inline 2Q result, while co indicates it is the... More