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.
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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
