Barclays Maintains Overweight on Sea, Lowers Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jiong Shao has maintained an Overweight rating on Sea (NYSE:SE) but lowered the price target from $98 to $64.
August 16, 2023 | 2:20 pm
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Barclays has maintained an Overweight rating on Sea but lowered the price target from $98 to $64.
The lowering of the price target by Barclays indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that the stock is still expected to outperform its peers, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100