Barclays Maintains Underweight Rating for Paramount Global: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Underweight rating for Paramount Global (NASDAQ:PARA) and lowered its price target from $13.00 to $11.00. Paramount Global's shares are currently trading down 1.69% at $11.62 per share. A move to $11.00 would account for a 5.34% decrease from the current share price.
October 09, 2023 | 5:00 pm
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NEGATIVE IMPACT
Barclays has maintained its Underweight rating for Paramount Global and lowered its price target, which could potentially lead to a decrease in the stock's price.
Barclays' decision to maintain its Underweight rating and lower the price target for Paramount Global indicates a negative outlook for the stock. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100