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Benzinga
Benzinga
Business
Vaishali Prayag

Paramount Skydance Soars on UFC White House Fight Plans and Guggenheim Buy Rating

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Paramount Skydance Corporation (NASDAQ:PSKY) shares are trading higher Wednesday after Guggenheim initiated coverage on the stock with a Buy rating and a $13 price target.

What To Know: The firm cited strong strategic positioning under new Chairman and CEO David Ellison, who aims to streamline operations, invest in growth areas like studios, streaming, and sports, and boost long-term free cash flow.

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