Why Tencent Music Entertainment Stock Withered on Wednesday
The fallout from a weaker-than-expected earnings report published by Tencent Music Entertainment (NYSE: TME) continued on Wednesday. For the second day in a row, the China-based company was hit with analyst price target cuts, as well as two recommendation downgrades. This pushed the stock down by over 9%.
One of the downgrades came from Benchmark's Fawne Jiang, who lowered her rating on Tencent Music to hold from the previous buy. No price target was provided.
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Source Fool.com
Tencent Holdings Ltd. Aktie
48,75 €
0,23 %
Leichte Community-Bevorzugung: Tencent Holdings Ltd. mit mehr Buy- als Sell-Einschätzungen.
Ein Kursziel von 55 € für Tencent Holdings Ltd. impliziert ein leicht positives Wachstum gegenüber dem aktuellen Kurs von 48.75 €.
