Paramount upgraded to Buy from Neutral at BofA

BofA upgraded Paramount to Buy from Neutral with a price target of $32, up from $24. The company has a unique collection of assets that would generate significant buyer interest if ever put up for sale, the analyst tells investors in a research note. The firm believes press reports of buyer interest validate its buy thesis on Paramount. The inherent asset value of the company’s portfolio "provides a floor in the shares" over the near- and intermediate-term, contends BofA.