Bernstein initiated coverage of Tencent Music (TME) with an Outperform rating and $14 price target The company is a leader in its sector with a strong supply-side differentiated model and growth trajectory, the analyst tells investors in a research note.
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Read More on TME:
- Tencent call volume above normal and directionally bullish
- Tencent Music announces strategic partnership with Galaxy Corporation
- Tencent Music price target raised to $16.20 from $14 at Macquarie
- Tencent Music downgraded to Equal Weight from Overweight at Morgan Stanley
- Tencent Music assumed at Equal Weight from Overweight at Morgan Stanley