Wells Fargo Upgrades Paramount Global to Equal-Weight, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Steven Cahall has upgraded Paramount Global (NASDAQ:PARA) from Underweight to Equal-Weight and increased the price target from $15 to $18.
December 20, 2023 | 10:22 am
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Wells Fargo analyst Steven Cahall upgraded Paramount Global from Underweight to Equal-Weight and raised the price target from $15 to $18, indicating a more favorable outlook for the stock.
Upgrades by analysts can lead to increased investor confidence and can result in a positive short term impact on the stock price. The raise in price target further suggests an improved valuation of the company, which may attract more investors.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100