Sea shares are trading lower after Citigroup downgraded the stock from Buy to Neutral.
Portfolio Pulse from Benzinga Newsdesk
Citigroup has downgraded Sea Ltd's stock from Buy to Neutral, leading to a decrease in the company's share price.
August 16, 2023 | 12:35 pm
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NEGATIVE IMPACT
Sea Ltd's stock was downgraded by Citigroup from Buy to Neutral, causing a decrease in the share price.
Analyst ratings can significantly influence a company's stock price. In this case, Citigroup's downgrade from Buy to Neutral indicates less confidence in the stock's potential for growth, which can lead to selling pressure and a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100