Paramount Skydance shares jump after double upgrade
Updated
Updated · Barron's · May 1
Paramount Skydance shares jump after double upgrade
16 articles · Updated · Barron's · May 1
The stock rose 8.6% to $11.13, led the S&P 500 and snapped toward ending a six-session losing streak as Morgan Stanley lifted its rating to Overweight.
The bank, led by Sean Duffy, raised its price target to $14 from $11, implying about 26% upside and calling the move its riskiest, most out-of-consensus call.
Morgan Stanley said Paramount's Warner Bros. Discovery acquisition could unlock more than $6bn in savings and faster streaming growth, though the deal still awaits regulatory approval and shares remain down 17% this year.
Is Paramount’s $111 billion Warner Bros. deal a visionary masterstroke or a debt-fueled gamble destined to fail?
Can AI's promised cost savings rescue this media giant, or is it just a fantasy to justify the deal?