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Jin10 data reported on May 14 that Morgan Stanley published a report raising the target price for Tencent Music (TME.N) from $14.7, an increase of 12.2% to $16.5, with an investment rating maintained at "Overweight." Morgan Stanley explained that the target price increase for Tencent Music is based on the consideration of the market value of Tencent Music's long-term strategic investments with a 30% discount (in line with the bank's strategy for Tencent), including a 2% stake in Spotify, a 2% stake in UMG, and a 0.8% stake in Warner Music Group. These correspond to a value of $2 per American Depositary Share (ADS). Tencent Music's affiliates (consortium) allocated the shares of UMG to Tencent Music in 2019, with the first quarter of 2025 being the triggering factor for this change. #PFVS Launchpad 认购开启 #ETH突破2700美元 #4月CPI数据公布 .