Wells Fargo Maintains Equal-Weight on Paramount Global, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Steven Cahall maintains an Equal-Weight rating on Paramount Global (NASDAQ:PARA) and lowers the price target from $15 to $14.

April 30, 2024 | 2:54 pm
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Wells Fargo maintains an Equal-Weight rating on Paramount Global and lowers the price target from $15 to $14.
The reduction in the price target by Wells Fargo, a major financial institution, could lead to a negative short-term impact on Paramount Global's stock price. Investors often view such adjustments as a signal of the analyst's view on the company's future performance, potentially leading to decreased investor confidence.
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