tiprankstipranks
Sea Limited downgraded to Neutral from Buy at UBS
The Fly

Sea Limited downgraded to Neutral from Buy at UBS

UBS analyst Navin Killa downgraded Sea Limited to Neutral from Buy with a price target of $92, down from $105. The analyst says competition is increasing in e-commerce and that the firm has no conviction on a gaming recovery. In addition, Sea is trading at premium valuation to peers despite slower near-term growth and competition headwinds, the analyst tells investors in a research note.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on SE:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles