B of A Securities Downgrades Paramount Global to Underperform, Announces $9 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Jessica Reif Ehrlich has downgraded Paramount Global (NASDAQ:PARA) from Buy to Underperform and set a price target of $9.
November 06, 2023 | 1:33 pm
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Paramount Global has been downgraded to Underperform by B of A Securities with a price target of $9.
The downgrade from Buy to Underperform by a reputable analyst at B of A Securities is a negative signal for Paramount Global. The new price target of $9 also suggests a potential downside, which could negatively impact the stock's short-term performance.
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IMPORTANCE 80
RELEVANCE 100