Sea shares are trading higher after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $62 to $70.
Portfolio Pulse from Benzinga Newsdesk
Sea shares have seen an increase in trading volume and price after Bank of America Securities upgraded the stock from Neutral to Buy and increased the price target from $62 to $70.
April 22, 2024 | 12:44 pm
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POSITIVE IMPACT
Sea Limited's stock has been upgraded by Bank of America Securities from Neutral to Buy, with a new price target set at $70, up from $62.
The upgrade by a major financial institution like Bank of America Securities typically leads to increased investor confidence and can drive up the stock price in the short term. The raised price target further supports a positive outlook for the stock, suggesting that the analysts see more value in the company than previously estimated.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100