J.P. Morgan Gives Skydance a Neutral Rating and Sets a $9 Target
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J.P. Morgan assigned Skydance Corporation a Neutral rating and a $9 price target, balancing potential merger benefits against cord-cutting and debt risks at the newly combined company. The target is 15% above Skydance's Oct. 22 closing price. The merger between Paramount Skydance and Warner Bros. Discovery is complete, and Skydance shares are no longer restricted. J.P. Morgan considers potential synergies achievable, but says investors need evidence that integration will improve cash generation. That proof matters to the company's EBITDA and free cash flow targets, which the bank says investors may doubt. J.P.
Source: TokenPost
