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 17, 2023 | 12:25 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 from $98 to $64 indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that Barclays still sees the stock as a good investment, albeit at a lower price point. This could lead to a short-term decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100