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.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PGRE:
- Paramount Group upgraded to Equal Weight from Underweight at Wells Fargo
- 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
