Morgan Stanley Downgrades Palantir Technologies to Underweight, Raises Price Target to $9
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Keith Weiss has downgraded Palantir Technologies (NYSE:PLTR) from Equal-Weight to Underweight, while raising the price target from $8 to $9.
August 31, 2023 | 9:29 am
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NEGATIVE IMPACT
Palantir Technologies has been downgraded to Underweight from Equal-Weight by Morgan Stanley, with a raised price target of $9.
The downgrade from Morgan Stanley could potentially lead to a decrease in the stock price of Palantir Technologies in the short term. The raised price target, however, indicates a slightly more positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100