Paramoumt Considers Removing CEO Bob Bakish - WSJ

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Go back to Paramoumt Considers Removing CEO Bob Bakish - WSJ

Morgan Stanley Cautious on Paramount Global (PARA), 'Peak Uncertainty'

April 30, 2024 8:07 AM EDT

Morgan Stanley analyst Benjamin Swinburne reiterated an Underweight rating and $10.00 price target on Paramount Global (NASDAQ: PARA)

The analyst comments "A surprise CEO change comes as the company explores its strategic options, in particular continued reports of a potential Skydance merger.... More

Paramount Global (PARA) PT Lowered to $14 at Wells Fargo

April 30, 2024 5:14 AM EDT

Wells Fargo analyst Steven Cahall lowered the price target on Paramount Global (NASDAQ: PARA) to $14.00 (from $15.00) while maintaining a Equal Weight rating.

The analyst comments "PARA delivered the shortest quarterly earnings call in Media history: a brief nod to the strategy of... More

Paramount Global (PARA) consider removing CEO Bob Bakish as merger agreement talks heat up - reports

April 29, 2024 10:51 AM EDT

Paramount Global (NASDAQ: PARA) plans to replace CEO Bob Bakish with a committee of existing division heads in a move to accelerate the company's future, according to reports.

The company is said to be expected to announce Bakish's departure today before it reports earnings after the close.

The move... More