Wells Fargo raised the firm’s price target on Paramount to $10 from $9 and keeps an Underweight rating on the shares. The firm is reshaping Paramount estimates and expects a more typical EPS quarter/call now that the deal has been announced.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PARA:
- Paramount (NASDAQ:PARA) Makes a Deal with Ice Cube
- Corus Entertainment Plummets after Warner (NASDAQ:WBD) Loss
- Paramount (NASDAQ:PARA) Faces Gabelli Lawsuit and Troubles with ChileVision
- Box Office Battle: âDespicable Me 4â wins weekend with another $44.7M
- PARA vs. WBD: Which Media Stock Is the Better Buy?