Bank of America Lowers Paramount Skydance Corporation (PSKY) Price Target, Citing Long-Term Restructuring Process.

Bank of America reduced its price target for Paramount Skydance Corporation (NASDAQ:PSKY) to $11 from $13, citing the company's long-term restructuring process. The firm observes that PSKY has the potential to grow into a major international media corporation but advises investors to be patient. Warner Bros. Discovery CEO David Zaslav could receive over $667.2 million if the company is acquired by PSKY, highlighting the significant financial stakes for WBD's leadership in the merger process.