Loop Capital analyst Alan Gould upgraded his rating on the stock to "Hold" from "Sell" on news of the cash infusion, but kept his price target at $14. He outlined a "bull case" for the shares that envisions Paramount selling at least some of its assets, and a "bear case" where the company is unable to find a buyer for its cable properties.
Bob spent the last year or so desperately trying to find a buyer for Showtime, MTV, and Nickelodeon. But now it sounds like Wall Street thinks Bob did find a buyer for Paramount since Loop Capital wouldn't have invested that much cash without knowing something first.
There will surely be downsizing on par with what happened over at Warner, but if this buyer does not participate in ESG the prospects for Paramount's future will be positive. If they do ESG, however, you can bet Paramount will have about as much relevance as Napster, AOL, and Myspace do right now.
https://www.msn.com/en-us/money/topstocks/paramount-shares-rebound-over-5-on-news-of-cash-infusion/ar-AA1bJvjp