Tencent Music Entertainment Group (NYSE:TME) was downgraded by equities researchers at China Renaissance Securities from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Analyst Price Targets reports. They currently have a $7.30 price target on the stock. China Renaissance Securities’ price objective suggests a potential upside of 14.24% from the stock’s current price. Several other research analysts have also commented on TME. Citigroup lowered Tencent Music Entertainment Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $9.00 to $8.50 in a…