B of A Securities Upgrades Sea to Buy, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Sachin Salgaonkar has upgraded Sea (NYSE:SE) from Neutral to Buy and increased the price target from $62 to $70, indicating a positive outlook on the company's stock.
April 22, 2024 | 11:56 am
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Sea Limited's stock has been upgraded by B of A Securities from Neutral to Buy with a raised price target from $62 to $70, suggesting a bullish outlook.
The upgrade from Neutral to Buy by a significant financial institution like B of A Securities, accompanied by an increase in the price target, typically signals a strong bullish sentiment towards the company's stock. This can lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100