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Fly News Breaks for March 3, 2020
Mar 3, 2020 | 11:54 EDT
Piper Sandler analyst Michael Olson raised the firm's price target on Sea Limited to $62 from $54 and keeps an Overweight rating on the shares after the company reported what he called a "strong" set of results in the fourth quarter. He continues to think GDP and connectivity growth, paired with "a secular rising tide" in the core verticals of online gaming,e-commerce, and digital payments, can drive strong growth in the near-term and profitability in the long-term for Sea Limited.
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