Evercore ISI analyst Steve Sakwa upgraded Paramount Group (PGRE) to In Line from Underperform with a price target of $6.60, down from $8, 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:
- Paramount Group upgraded to Equal Weight from Underweight at Wells Fargo
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- 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
