Seaport Global Securities Downgrades Paramount Global (PARA) to Neutral
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Paramount Global (PARA) stock gains premarket following takeover talk reports
May 6, 2024 7:27 AM EDTAfter falling 7% Friday, Paramount Global (NASDAQ: PARA) shares are up more than 2% premarket Monday.
Reports emerged that at the end of last week Sony and private equity firm Apollo Global said they intend to make a $26 billion cash offer for the company.... More
Paramount Global (PARA) cut at Seaport as deal headlines cloud fundamental view
May 3, 2024 8:56 AM EDTOn Friday, Seaport Research Partners lowered its rating on Paramount Global (NASDAQ: PARA) to Neutral from Buy. The firm cited the increasing complexity and potential volatility surrounding the company's corporate structure as reasons for the downgrade. Paramount Global's stock has seen appreciation, bringing it closer to the firm's target price, amidst rumors of an all-cash offer from a Sony/Apollo partnership.
The firm has decided not to alter its estimates for... More
Loop Capital Comments on Paramount Global (PARA)
May 3, 2024 7:24 AM EDTLoop Capital analyst Alan Gould reiterated a Sell rating and $9.00 price target on Paramount Global (NASDAQ: PARA).
The analyst comments "It is not surprising that Sony/Apollo have made a nonbinding expression of interest right before the Skydance exclusive negotiating... More
