Guggenheim downgrades Skydance stock rating

Brokerage Guggenheim believes that the financial data of Paramount Skydance is difficult to justify. Analyst Michael Morris from the institution downgraded the media giant from a "buy" to a "neutral" rating, pointing out that the recent trend of the stock may be disconnected from the actual situation of the company. Paramount's stock price has surged by 27% this month.