Paramount shares are trading lower after B of A Securities downgraded the stock from Buy to Underperform and announced a $9 price target.
Portfolio Pulse from Benzinga Newsdesk
Bank of America Securities has downgraded Paramount's stock from Buy to Underperform and set a price target of $9. This has led to a decrease in Paramount's share price.
November 06, 2023 | 3:49 pm
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NEGATIVE IMPACT
Paramount's stock has been downgraded by B of A Securities, leading to a decrease in its share price.
The downgrade from B of A Securities is a negative signal to the market, which has resulted in a decrease in Paramount's share price. The new price target of $9 also suggests a lower valuation for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Paramount's stock has been downgraded by B of A Securities, leading to a decrease in its share price.
The downgrade from B of A Securities is a negative signal to the market, which has resulted in a decrease in Paramount's share price. The new price target of $9 also suggests a lower valuation for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100