Bernstein Maintains Outperform on Sea, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Venugopal Garre has maintained an Outperform rating on Sea (NYSE:SE), but lowered the price target from $90 to $70.
August 16, 2023 | 11:30 am
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Sea's price target has been lowered from $90 to $70 by Bernstein, though the Outperform rating is maintained.
The lowering of the price target by Bernstein indicates a potential decrease in the stock's value. However, the maintained Outperform rating suggests that the stock is still expected to outperform the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100