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Paramount Skydance price target lowered to $10 from $12 at Morgan Stanley

Morgan Stanley analyst Benjamin Swinburne lowered the firm’s price target on Paramount Skydance (PSKY) to $10 from $12 and keeps an Underweight rating on the shares. The firm’s new $10 target reflects its updated forecasts, the completion of the merger, including the $15 cash tender for partial holdings, and a pro forma FY26 adjusted OIBDA estimate of $3.1B, which layers in the new UFC (TKO) rights agreement, the analyst tells investors.

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