Paramount Group (PGRE) has disclosed a new risk, in the Litigation & Legal Liabilities category.
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Paramount Group may face significant business risks due to potential securities class action and derivative lawsuits, which are common for public companies involved in mergers. These legal challenges, even if baseless, could incur substantial costs and divert management’s attention, impacting the company’s financial health. An unfavorable ruling might lead to monetary damages, adversely affecting liquidity and financial stability. Furthermore, successful legal actions could delay or prevent the completion of proposed mergers, negatively influencing Paramount Group’s business operations and financial outcomes.
The average PGRE stock price target is $6.60, implying 1.07% upside potential.
To learn more about Paramount Group’s risk factors, click here.