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德银:下调腾讯音乐评级及目标价

Deutsche Bank: downgrade Tencent Music's rating and target price

新浪財經綜合 ·  Aug 19, 2021 07:32

Deutsche Bank analyst Leo Chiang will bring Tencent MusicThe rating was downgraded from buy to hold, and the target price was slashed to $9 from $22. The analyst said that Tencent Music lowered his outlook for the social entertainment business in the second half of the year in his financial report. He believes that the competitive landscape of the industry may change after the Municipal Regulatory Bureau ordered Tencent Music to give up the implementation of exclusive music rights.

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