Seaport Global Securities Downgrades Paramount Global (PARA) to Neutral

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Go back to Seaport Global Securities Downgrades Paramount Global (PARA) to Neutral

Paramount Global (PARA) stock gains premarket following takeover talk reports

May 6, 2024 7:27 AM EDT

After 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 EDT

On 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 EDT

Loop 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