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.
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