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Benzinga
Benzinga
Business
Adam Eckert

What's Behind The Strength In Palantir Shares Today?

Palantir Keith Weiss Morgan Stanley NYSE Palantir Technologies Inc

Palantir Technologies Inc (NYSE:PLTR) is trading higher Monday after Morgan Stanley analyst Keith Weiss upgraded the stock from an Underweight rating to an Equal-Weight rating and lowered the price target from $24 to $16. 

Weiss cited Palantir's well positioned government business, significant commercial unit potential and strong unit economics as reasons for the upgrade.

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