Morgan Stanley Sets Price Target for Paramount Group Inc (PGRE on the NYSE)

Price Target and Stock Performance - Morgan Stanley set a price target of $6.60 for Paramount Group Inc (NYSE:PGRE), indicating a slight potential increase of 1.07% from the current stock price of $6.53 [1] - PGRE has a market capitalization of approximately $1.44 billion and has seen its stock fluctuate between $6.53 and $6.54 on the day of the report [1] - Over the past year, PGRE's stock has ranged from a high of $7.85 to a low of $3.75, reflecting market volatility and investor sentiment [2] - The trading volume for PGRE is 1,064,489 shares, suggesting active investor interest [2] Strategic Developments in the Industry - Paramount Skydance is exploring strategic options after its acquisition offer for Warner Bros. Discovery was rejected twice, with the latest bid valued at $24 per share [3] - Despite the rejection of the acquisition offers, Warner Bros. Discovery's stock has reached a three-year high, driven by merger and acquisition speculation [3] - Warner Bros. Discovery has attracted interest from multiple parties, indicating its strong market position and potential for future deals [4] - Wall Street analysts anticipate a possible takeover by Paramount, highlighting ongoing interest in Warner Bros. Discovery [4] - Paramount Skydance has not commented on the possibility of a third offer, leaving the market speculating on future developments [4]