It also fielded a bid for Showtime but deemed it insufficient.
Ehrlichs revised 12-month price target for Paramount shares is $9.
Discovery shares, though it is below Disneys level.
The Paramount Pictures lot in LADavid McNew/Getty Images
Selling assets, she added, are the most clear-cut way for management to drive shareholder value.
The complicating factor in the case of Paramount is its ownership structure.
Non-executive Chairwoman Shari Redstone runs National Amusements, which controls Paramounts shares.
