Citigroup Downgrades Sea to Neutral, Announces $50 Price Target
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Alicia Yap has downgraded Sea (NYSE:SE) from Buy to Neutral and set a price target of $50.

August 16, 2023 | 8:40 am
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NEGATIVE IMPACT
Sea has been downgraded from Buy to Neutral by Citigroup, with a new price target of $50.
The downgrade from Buy to Neutral by Citigroup indicates a less optimistic outlook for Sea's stock. This could potentially lead to a decrease in demand for the stock, putting downward pressure on its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100