Wells Fargo upgraded Paramount Group (PGRE) to Equal Weight from Underweight with a price target of $6.60, up from $4.20, after the company agreed to be acquired by Rithm Capital (RITM) for $1.6B or $6.60 per share.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PGRE:
- General Mills reports Q1 beat, Rithm to acquire Paramount Group: Morning Buzz
- Paramount Group to be Acquired by Rithm Capital
- Rithm Capital to acquire Paramount Group for $1.6B in cash
- Rithm Capital near deal to acquire Paramount Group, WSJ reports
- SL Green, Empire State Realty among Paramount Group bidders, TheRealDeal says