Wells Fargo analyst Steven Cahall downgraded Netflix and Paramount stock following the bidding war over Warner Bros. Discovery.
Cahall resumed coverage of the Netflix and Paramount stocks following the bidding war in which Paramount prevailed, downgrading Netflix from a “Buy” rating to a “Hold” and Paramount from a “Hold” rating to a “Sell,” per Tip Ranks:
Wells Fargo analyst Steven Cahall resumed coverage of Netflix and Paramount Skydance shares after the Warner Bros. Discovery buyout war ended last week. He downgraded Netflix to a Hold rating from his prior year’s Buy rating, with a $105 price target (6% upside potential). For Paramount, he…
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