Bernstein Initiates Coverage On Paramount Global with Underperform Rating, Announces Price Target of $11
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Laurent Yoon has initiated coverage on Paramount Global (NASDAQ:PARA) with an Underperform rating and a price target of $11.
October 06, 2023 | 10:03 am
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Bernstein has initiated coverage on Paramount Global with an Underperform rating and a price target of $11, which could negatively impact the stock's performance.
The Underperform rating from Bernstein indicates that the analyst expects Paramount Global's stock to do worse than the market average. This could lead to a decrease in the stock's price. The price target of $11 also suggests that the analyst believes the stock is currently overvalued, which could further drive down the price.
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