Sea Limited price target raised to $75 from $70 at BofA

BofA raised the firm’s price target on Sea Limited to $75 from $70 and keeps a Buy rating on the shares. Sea reported inline revenues but operating income showed a “strong beat,” the analyst tells investors. Though Sea management didn’t change their e-commerce guidance despite a “strong” Q1, the firm sees room for Sea to surprise going ahead given strong execution and stable competition, the analyst tells investors.