Benchmark Maintains Buy on Paramount Global, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Daniel Kurnos maintains a Buy rating on Paramount Global (NASDAQ:PARA) but lowers the price target from $30 to $19.
February 29, 2024 | 2:21 pm
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NEGATIVE IMPACT
Benchmark analyst Daniel Kurnos maintains a Buy rating on Paramount Global but lowers the price target from $30 to $19.
The reduction in the price target from $30 to $19 by a reputable analyst could lead to a negative short-term sentiment among investors, potentially causing a decrease in the stock price. However, the maintenance of a Buy rating indicates underlying confidence in the company's fundamentals, which might mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100