Sea Limited price target raised to $77 from $75 at BofA

BofA raised the firm’s price target on Sea Limited to $77 from $75 and keeps a Buy rating on the shares. The firm expects Sea to report “a stable set of 2Q numbers,” with losses in Shopee reducing and Garena trends sustaining. BofA estimates revenue of $3.8B, implying a 23% increase, and forecasts the company to report a positive net income of $25M in Q2, the analyst tells investors in a preview note.