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China Renaissance analyst Yiwen Zhang downgrades Tencent Music Enter Gr (NYSE:TME) from Buy to Hold and announces $9.3 price target.
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China’s leading online music site recorded its slowest growth in two years as it continued to lose market share to the Douyin parent image credit: Bamboo Works Key Takeaways: Tencent Music’s revenue rose
Analysts changed outlooks on top stocks. Raymond James downgraded ONON, Deutsche Bank downgraded ATAI, BTIG downgraded APGE.
Mizuho analyst Wei Fang maintains Tencent Music Enter Gr (NYSE:TME) with a Outperform and lowers the price target from $18 to $15.