Rosenblatt Reduces Paramount Global's Target Price Due to Ad Market Concerns
Thursday, 29 February 2024, 10:02
Rosenblatt Lowers Paramount Global Shares Target
Rosenblatt has decided to cut the target price for Paramount Global shares to $9 amid concerns surrounding the advertising market.
Reasoning Behind the Adjustment
- Market Conditions: Current market conditions, especially in the advertising sector, have prompted Rosenblatt to revise their target price.
Investors should be aware of the potential implications this adjustment may have on Paramount Global's valuation.
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