Paramount Skydance price target raised to $14 from $12 at Evercore ISI

Evercore ISI raised the firm’s price target on Paramount Skydance (PSKY) to $14 from $12 and keeps an In Line rating on the shares as the company’s first earnings post-merger reflect a strategic focus on growth and efficiency. While the strategic direction is “promising,” the reliance on linear media remains a challenge and execution in the DTC and film segments is crucial for future success, the analyst tells investors in a post-earnings note.