- Paramount Group (PGRE +6.4%) pops as much as 4% after Hedgeye calls the office REIT a new Best Long Idea, with shares potentially rising to $12-$14.
- "The catalyst is simple, a rising probability of shareholder activist agitation and a potential take-private or other transaction," Hedgeye analyst Rob Simone says.
- Paramount Group is "an all-in wager on the economic future of NYC with a 50% upside," EG Capital wrote in a bullish analysis posted a year ago on Seeking Alpha, but shares dropped slightly during 2021.