Citi raised the firm’s price target on Tencent Music (TME) to $29 from $23 and keeps a Buy rating on the shares. After the company reported better than expected Q2 results, the firm now forecasts FY25 revenue growth of 14% year-over-year, up from 10% previously forecast.
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Read More on TME:
- Tencent Music price target raised to $29.80 from $26.20 at Macquarie
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