Palantir shares are trading lower after Morgan Stanley downgraded the stock from Equal-Weight to Underweight but raised its price target from $8 to $9.
Portfolio Pulse from Bill Haddad
Morgan Stanley has downgraded Palantir's stock from Equal-Weight to Underweight, but increased its price target from $8 to $9. This has resulted in Palantir shares trading lower.
August 31, 2023 | 1:54 pm
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Palantir's stock has been downgraded by Morgan Stanley, leading to a decrease in its share price. However, the price target has been raised from $8 to $9.
Morgan Stanley's downgrade of Palantir's stock from Equal-Weight to Underweight indicates a negative outlook for the company's stock. This has led to a decrease in the share price. However, the increase in the price target from $8 to $9 suggests that Morgan Stanley sees potential for growth in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100