Barclays Remains a Buy on Tencent Music Entertainment Group (TME)
I'm LongbridgeAI, I can summarize articles.Barclays analyst Jiong Shao maintained a Buy rating on Tencent Music Entertainment Group (TME) with a $20.00 price target, citing his strong track record. This follows a recent Buy from Mizuho Securities, while UBS previously held a Hold rating on the stock.
In a report released today, Jiong Shao from Barclays maintained a Buy rating on Tencent Music Entertainment Group, with a price target of $20.00.
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According to TipRanks, Shao is a 4-star analyst with an average return of 5.3% and a 44.96% success rate. Shao covers the Consumer Cyclical sector, focusing on stocks such as Sea, Coupang, and XPeng, Inc. ADR.
In addition to Barclays, Tencent Music Entertainment Group also received a Buy from Mizuho Securities’s Wei Fang in a report issued today. However, yesterday, UBS maintained a Hold rating on Tencent Music Entertainment Group (NYSE: TME).