Paramount Analyst Cuts Stock Rating From ‘Buy’ To ‘Underperform’ Due To Lack Of Asset Sales
![](https://tvnewscheck.com/wp-content/uploads/2021/09/Paramount_Pictures_gate_AP-400x225.jpg)
![](https://tvnewscheck.com/wp-content/uploads/2021/09/Paramount_Pictures_gate_AP-400x225.jpg)
Bank of America analyst Jessica Reif Ehrlich has been bullish on the stock of Paramount Global, driven by her belief that the entertainment giant could fetch attractive price tags for key assets. But on Monday, she cut her stock rating on the Hollywood company all the way from “buy” to “underperform,” while decimating her price target on the shares from $32 to $9 in a report entitled “Hard to buy if not for sale.”
This article was originally posted on hollywoodreporter.com
Leave a Reply
You must be a logged in member to post a comment.
Log In Register Now