UBS Maintains Sell Rating for Paramount Global: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
UBS has maintained its Sell rating for Paramount Global (NASDAQ:PARA) and lowered its price target from $15.00 to $14.00. Paramount Global's shares are currently trading down 1.1% at $16.14 per share. A move to $14.00 would account for a 13.26% decrease from the current share price.
July 05, 2023 | 5:01 pm
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UBS has maintained its Sell rating for Paramount Global and lowered its price target, which could potentially lead to a decrease in the company's share price.
The news of UBS maintaining its Sell rating and lowering the price target for Paramount Global is directly related to the company's stock. This could potentially lead to a decrease in the company's share price as it indicates a negative outlook from the analyst. The lowered price target also suggests that the stock is currently overvalued, which could lead to selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100