Goldman Sachs upgraded Tencent Music to Buy from Neutral with a $14 price target. The stock has been among the best performers within the firm’s China Internet coverage in the past six months and the firm expects the outperformance to continue, notes the analyst, who is lifting adjusted EPS estimate by 7%, 10% and 13% for 2024 through 2026, respectively.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TME: