TD Cowen lowered the firm’s price target on Paramount Skydance (PSKY) to $13 from $15 and keeps a Buy rating on the shares. The firm said they reported Q4 results that slightly missed on the top line but modestly beat on profitability. Management reiterated prior FY26 guidance, with improving profitability for DTC, a return to profitability at studios, and stable linear contributions, helped by cost cutting.
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Read More on PSKY:
- Warner Bros. Discovery says board committed to maximizing shareholder value
- Paramount Skydance price target lowered to $11 from $12 at Morgan Stanley
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- Paramount Skydance Misses Q4 Earnings with Weak Guidance, Braces for TV Slump
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