Paramount Global shares are trading lower after Wolfe Research downgraded the stock from Peer Perform to Underperform.
Portfolio Pulse from Benzinga Newsdesk
Paramount Global's stock has been downgraded from Peer Perform to Underperform by Wolfe Research, leading to a decrease in its share price.
July 07, 2023 | 1:14 pm
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NEGATIVE IMPACT
Paramount Global's stock was downgraded by Wolfe Research, which has resulted in a decrease in its share price.
Analyst ratings often have a significant impact on a company's stock price. In this case, the downgrade from Wolfe Research has led to a decrease in Paramount Global's share price. This suggests a negative outlook for the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100