JP Morgan Maintains Underweight on Paramount Global, Raises Price Target to $17
Portfolio Pulse from jenniferd'souza@benzinga.com
JP Morgan analyst Philip Cusick maintains an Underweight rating on Paramount Global (NASDAQ:PARA) and raises the price target from $16 to $17.

August 08, 2023 | 12:55 pm
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JP Morgan maintains an Underweight rating on Paramount Global and raises the price target from $16 to $17.
The news is directly related to Paramount Global. JP Morgan's decision to maintain an Underweight rating indicates a bearish outlook, but the increase in price target from $16 to $17 suggests a slightly positive adjustment in valuation. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100