"Company is executing well on core drivers against its attractive LT algorithm which in the context of a largely conservative 2H view could set up for potential upside near term." Citi downgrades Sea Limited to neutral from buy Citi said in its downgrade of the Singapore-based consumer internet company that investor confidence has been "hammered" in shares of Sea. "We believe investors' confidence has been hammered, and the share price is likely to be range bound."