Paramount Stock Lowered by Wells Fargo, Again, As Analyst Outlines Streaming Strategy, Options Deals – The Hollywood Reporter
Wells Fargo analyst Stephen Cahol sprung a Halloween surprise for investors by downgrading his rating on Paramount Global stock to “underperform” and cutting his price target on the stock to $13 from $19. This, despite having just downgraded the stock from “overweight” to “equal weight” in early October and lowered its price target from $40. …