Morgan Stanley Maintains Underweight Rating for Paramount Global: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Underweight rating for Paramount Global (NASDAQ:PARA) and increased its price target from $14.00 to $15.00. Paramount Global's shares are currently trading at $15.29, up 1.29% over the last 24 hours. A move to $15.00 would represent a 1.93% decrease from the current share price.
July 26, 2023 | 5:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Morgan Stanley maintains its Underweight rating for Paramount Global, indicating a bearish outlook. However, the raised price target suggests some potential upside.
Morgan Stanley's Underweight rating suggests that they expect Paramount Global's stock to underperform compared to other stocks. However, the raised price target from $14.00 to $15.00 indicates that they see some potential for the stock's price to increase. This could create a mixed signal for investors, potentially leading to increased volatility in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100