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Morgan Stanley analyst Gary Yu maintained a Buy rating on Tencent Holdings on May 28.

Morgan Stanley's Gary Yu set a HK$650 price target for Tencent Holdings on May 28.

KEY POINTS
Morgan Stanley analyst Gary Yu maintained a Buy rating on Tencent Holdings on May 28 and set a price target of HK$650.00. The company’s shares closed yesterday at HK$425.00. Memorial Day Sale – Claim 70% Off TipRanks Unlock trusted, data-backed investing tools with TipRanks Premium, from analyst ratings and forecasts to breaking news and portfolio analysis. Discover high-conviction stock picks and new investing opportunities with the TipRanks Smart Investor Newsletter Yu covers the Communication Services sector, focusing on stocks such as Tencent Holdings , Baidu, and China Mobile. According to TipRanks, Yu has an average return of -3.3% and a 40.91% success rate on recommended stocks. In addition to Morgan Stanley, Tencent Holdings also received a Buy from CGS International’s Lei Yang CFA in a report issued on May 15. However, on May 14, Mizuho Securities maintained a Hold rating on Tencent Holdings (Other OTC: TCTZF). TCTZF market cap is currently HK$3924.9B and has a P/E ratio of 14.15.
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