Sea Limited price target lowered to $59 from $64 at Barclays

Barclays lowered the firm’s price target on Sea Limited to $59 from $64 and keeps an Overweight rating on the shares. The analyst believes Sea delivered Q3 results, broadly in line with buy-side expectations while sell-side consensus was too high due to stale estimates. The firm views the selloff in the shares post the report as unwarranted.