KGI Securities Downgrades Sea to Neutral, Announces $42 Price Target
Portfolio Pulse from richadhand@benzinga.com
KGI Securities analyst Andrew Cheng has downgraded Sea (NYSE:SE) from Outperform to Neutral and set a price target of $42.
August 24, 2023 | 9:44 am
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NEGATIVE IMPACT
Sea has been downgraded from Outperform to Neutral by KGI Securities, with a new price target of $42.
The downgrade from Outperform to Neutral by KGI Securities indicates a less optimistic outlook for the company's stock. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $42 also provides a benchmark that the market may adjust towards.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100