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Fly News Breaks for September 11, 2015
SE
Sep 11, 2015 | 06:46 EDT
Goldman upgraded Spectra Energy to Buy with a $34 price target based on valuation and highly visible, fee based cash-flow growth and dividend growth prospects. The firm lowered its price target to $34 from $35.
News For SE From the Last 2 Days
SE
Apr 24, 2024 | 05:49 EDT
Loop Capital upgraded Sea Limited to Buy from Hold with a price target of $92, up from $59. The stock's valuation pressure the last two years is mainly because of aggressive competition and share loss to TikTok, the analyst tells investors in a research note. However, the firm says the recent announcement of a commission rate increase by the combined TikTok-Tokopedia, its first move since merging to satisfy Indonesian regulators, "has sparked a revaluation" Sea shares. Loop believes this signals that the shift to sustained profitable growth is "finally underway" and serves as a significant catalyst for revaluation of Sea Limited. With "competitive rationality" setting in, Loop moved from its "broken stock" valuation framework for Sea.