Wells Fargo raised the firm’s price target on Paramount Skydance (PSKY) to $16 from $10 and keeps an Equal Weight rating on the shares. The firm notes the company’s Q3 results are the big reveal for new management strategy. Wells expects major cost cuts, and major investments. The firm doesn’t think Paramount Skydance will trade on estimate revisions.
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 PSKY:
- Warner Bros. Discovery rejected three bids from Paramount, WSJ reports
- This Was Not the First Bid: Warner Bros. Discovery Stock (NASDAQ:WBD) Gains as it Rejected Three Bids from Paramount So Far
- ‘Paramount Can Walk Away with Warner Bros.’ Say TD Cowen and Benchmark Analysts
- SPY ETF Daily Update, 10/22/2025
- Morning News Wrap-Up: Wednesday’s Biggest Stock Market Stories!