Paramount Ad Slump, Streaming Losses Prompt Analyst To Cut Price Forecast

JPMorgan analyst David Karnovsky maintained Paramount Global PARA with an Underweight and lowered the price target from $11 to$10 on Wednesday.Last week, Karnovsky held fireside chats with thirteen companies at JPMorgan’s Global TMC Conference in Boston. The analyst covered key short-term and long-term takeaways across live entertainment, ad agencies, outdoor advertising, digital publishing, and broadcasting, including some themes emerging from first-quarter earnings.Karnovsky noted that PayTV declines con ...