Wolfe Research Downgrades Paramount Global to Underperform, Announces $14 Price Target
Portfolio Pulse from richadhand@benzinga.com
Wolfe Research analyst Peter Supino has downgraded Paramount Global (NASDAQ:PARA) from Peer Perform to Underperform and set a price target of $14.
July 07, 2023 | 10:01 am
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NEGATIVE IMPACT
Paramount Global has been downgraded to Underperform by Wolfe Research with a price target of $14.
The downgrade from Peer Perform to Underperform by Wolfe Research indicates a negative outlook for Paramount Global. The price target of $14 also suggests that the analyst believes the stock is currently overvalued. This could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100