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Fly News Breaks for January 22, 2020
Jan 22, 2020 | 06:59 EDT
Goldman Sachs analyst Miang Chuen Koh added Sea Limited to Goldman's Conviction List while maintaining a Buy rating on the shares. The analyst also boosted Sea's price target to $50 from $42.50. 2020 is the year for Sea's e-commerce business to demonstrate its path to profitability alongside high gross merchandise volume growth, Chuen Koh tells investors in a research note. Although the stock has more than tripled last year, the analyst sees further upside as the company benefits from the growing Southeast Asian/Taiwan internet space.
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