UBS lowered the firm’s price target on Paramount (PARA) to $10 from $11 and keeps a Sell rating on the shares. The firm provided its thoughts on media exposure to a recession and is cutting TV ad estimates, which is “an area we expect to take a hit regardless.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PARA:
- President Trump Calls for “Maximum Fines and Punishment,” Paramount Stock (NASDAQ:PARA) Notches Up
- Now Streaming: Amazon CEO says Prime Video has positive impact on Prime business
- NFLX, DIS, PARA: China Limits Hollywood Films in Latest Trade War Salvo
- “An Affront to the First Amendment”: Paramount Stock (NASDAQ:PARA) Sinks as a Mediator is Chosen
- Trump Trade: U.S. President threatens additional tariffs on China of 50%