Citigroup Downgrades Sea to Neutral, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Alicia Yap has downgraded Sea (NYSE:SE) from Buy to Neutral and lowered the price target from $98 to $50.

August 16, 2023 | 3:40 pm
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NEGATIVE IMPACT
Sea's rating has been downgraded from Buy to Neutral by Citigroup, with a lowered price target from $98 to $50.
The downgrade from Buy to Neutral by Citigroup indicates a less optimistic outlook for Sea's stock. The significant reduction in the price target from $98 to $50 suggests that the analyst believes the stock is overvalued at current levels. This could lead to a negative short-term impact on the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100