Paramount Global shares are trading lower after Loop Capital downgraded the stock from Hold to Sell and announced a $12 price target.
Portfolio Pulse from Benzinga Newsdesk
Paramount Global's stock (PARA) trades lower following a downgrade from Hold to Sell by Loop Capital, which also set a price target of $12.
December 11, 2023 | 3:31 pm
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Paramount Global's stock price is likely to experience downward pressure after Loop Capital downgraded the stock from Hold to Sell and set a price target of $12.
Analyst downgrades typically lead to a negative perception among investors, potentially causing a sell-off. The new price target of $12 suggests a bearish outlook on the stock's value, which may lead to a decrease in stock price in the short term.
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