Rosenblatt analyst Barton Crockett lowered the firm’s price target on Paramount to $9 from $12 and keeps a Sell rating on the shares after Q4 earnings that featured “mixed variances with evidence of cost controls.” The highlight was articulation of ambitions to transition to a healthier free cash flow and OIBDA trajectory in 2025, though the firm continues to have “a cautious view,” the analyst tells investors.
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