Paramount Skydance initiated with a Hold at Freedom Capital

Freedom Capital initiated coverage of Paramount Skydance (PSKY) with a Hold rating and $14 price target Paramount Skydance’s Q3 revenue came in below expectations, pressured by weakness in the linear TV segment and soft box-office performance, although strength in streaming helped support overall results, the analyst tells investors in a research note. The merged company is better positioned to compete with other streaming platforms, particularly Netflix (NFLX), the firm adds.