JP Morgan Downgrades Sea to Neutral, Announces $45 Price Target
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Ranjan Sharma has downgraded Sea (NYSE:SE) from Overweight to Neutral and announced a $45 price target.
August 18, 2023 | 8:48 am
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Sea's stock has been downgraded to Neutral from Overweight by JP Morgan, with a new price target of $45.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Sea, potentially leading to a decrease in its stock price. The new price target of $45 also suggests that JP Morgan sees limited upside potential for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100