Mizuho and Bank of America lowered TME's target prices to $16 and $15, respectively.
TME's target price has been lowered by Mizuho to $16, while Bank of America cut their price objective to $15, maintaining a 'Buy' rating. TME, a Chinese online music entertainment company, operates platforms like QQ Music, Kugou Music, Kuwo Music, and WeSing. The company has a consensus "Moderate Buy" recommendation and an average price target of $12.72. Institutional investors have made changes to their holdings of TME shares.
August 17, 2024
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