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Tencent Music -1% as BOC International cuts to Hold

  • Tencent Music (NYSE:TME) is 1% lower premarket with Bank of China International downgrading shares to Hold, from Buy.
  • The bank cut its price target to $17, implying 2% upside.
  • Most analysts are still bullish on shares.
  • Shares are off 2.3% this month but are up 37.4% over the past three.

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Tencent Music Entertainment Group