Citizens reiterates Paramount Skydance stock rating on merger progress

Citizens has maintained a Market Outperform rating and $14.00 price target on Paramount Skydance (PSKY) stock following the company's settlement with state regulators over its acquisition of Warner Bros. Discovery. The stock is currently trading at $9.91, down nearly 10% over the past week, but analysts believe it is undervalued at current levels.

The settlement with 12 state attorneys general avoids structural remedies but imposes behavioral restrictions that are not expected to materially impact the combined business. Citizens expects the transaction to close in approximately two weeks, enabling Paramount to achieve its $6 billion-plus cost synergy target.

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