Arete Research Downgrades Paramount Stock Amid Concerns Over Debt Load
On July 9, Arete Research analyst Pierre-Marie d'Ornano downgraded Paramount Skydance (PSKY) to 'Sell,' citing concerns over the company's pending acquisition of Warner Bros. Discovery and its projected $86 billion in gross debt. The downgrade comes as PSKY shares have already fallen about 30% year-to-date.
Topics: analyst report debt concerns merger impact stock downgrade