Redburn Atlantic Downgrades Paramount Global to Sell, Announces $11 Price Target
Portfolio Pulse from Benzinga Newsdesk
Redburn Atlantic analyst Hamilton Faber has downgraded Paramount Global (NASDAQ:PARA) from Neutral to Sell and set a price target of $11.
January 11, 2024 | 12:45 pm
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NEGATIVE IMPACT
Paramount Global was downgraded by Redburn Atlantic from Neutral to Sell with a price target of $11, indicating a bearish outlook on the stock.
The downgrade from Neutral to Sell by a research analyst can have a negative impact on investor sentiment and potentially lead to a decrease in the stock's price in the short term. The announcement of a price target that is lower than the current market price further supports a bearish view on the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100