Fly News Breaks for January 21, 2020
Jan 21, 2020 | 07:03 EDT
CLSA analyst Marcus Liu downgraded Sea Limited to Outperform from Buy with a price target of $44.60, up from $40.60. Free Fire ended up as Google Play's most downloaded game in 2019, but revenue may have peaked and early momentum in Call of Duty: Mobile has not sustained, Liu tells investors in a research note. This leaves the analyst a "touch cautious" on Garena.
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