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Why Tencent Music Entertainment Stock Soared Today

TheMotleyFool

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Why Tencent Music Entertainment Stock Soared Today

Shares of Tencent Music Entertainment Group (NYSE: TME), a China-based streaming music company, jumped sharply on Tuesday. The stock was up about 19% as of noon EST.

The tech stock's sharp rise follows two analysts' 12-month price target upgrades for Tencent Music shares this morning.

Image source: Getty Images.

Source Fool.com

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