DBS Bank Downgrades Sea to Hold, Announces $75 Price Target
Portfolio Pulse from Benzinga Newsdesk
DBS Bank has downgraded Sea Limited (NYSE: SE) from Buy to Hold, with a new price target of $75.
June 28, 2024 | 5:19 pm
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NEGATIVE IMPACT
DBS Bank has downgraded Sea Limited from Buy to Hold, with a new price target of $75. This downgrade may lead to a short-term negative impact on the stock price as investors react to the revised rating and price target.
The downgrade from Buy to Hold by a reputable analyst at DBS Bank, along with a specific price target of $75, is likely to cause investors to reassess their positions in Sea Limited. This could lead to selling pressure and a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100