Citigroup Maintains Buy on Paramount Global, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Bazinet has maintained a 'Buy' rating on Paramount Global (NASDAQ:PARA) but lowered the price target from $22 to $20.
August 15, 2023 | 11:33 am
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Citigroup has maintained a 'Buy' rating on Paramount Global but lowered the price target from $22 to $20.
The news is directly related to Paramount Global. While the 'Buy' rating is maintained, the lowering of the price target might indicate a potential decrease in the stock's value. However, the impact is neutral as the 'Buy' rating suggests that the stock is still expected to perform well.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100