>Paramount stock fell more than 8% Monday after getting hit with a downgrade from Bank of America.
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>Analyst Jessica Reif Ehrlich changed her rating to Underperform from Buy and slashed her price target to $9 a share from $32, noting that there’s not much upside to shares if the company does not sell itself altogether or in parts.
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>”Our prior bullish thesis and valuation methodology was predicated on PARA’s inherent asset value in a potential sale,” the analyst wrote in a note to clients on Monday. “Despite receiving credible bids for several assets, it does not appear any significant asset sales are on the horizon.”
[Source](https://finance.yahoo.com/news/paramount-stock-downgraded-by-bank-of-america-hard-to-buy-if-not-for-sale-172723866.html)
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