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
56,35 €
1,25 %
Die Tencent Holdings Ltd. Aktie spaltet die Meinungen: Gleichstand zwischen Buy- und Sell-Einschätzungen.
Für Tencent Holdings Ltd. ergibt sich ein negatives Potenzial von -20.14%, obwohl das Kursziel von 45 € unter 56.35 € liegt.
