Analysts Are Downgrading These 5 Stocks

4. Paramount Global (NASDAQ:VIAC)

Number of Hedge Fund Holders: 64 

Paramount Global (NASDAQ:VIAC) is a New York-based media and entertainment firm. On February 16, Bank of America Securities analyst Jessica Reif Ehrlich downgraded the stock to Neutral from Buy and reduced the price target to $39 from $52, noting that near-term headwinds for the firm would drive a year-over-year decline in earnings. 

Top hedge funds continue to hold large stakes in Paramount Global (NASDAQ:VIAC). At the end of the fourth quarter of 2021, 64 hedge funds in the database of Insider Monkey held stakes worth $1 billion in Paramount Global (NASDAQ:VIAC), the same as in the previous quarter worth $1.2 billion.