An analyst downgraded data analytics software maker Palantir Technologies (PLTR) on Thursday on views its valuation is inflated amid investor buzz over generative artificial intelligence. Palantir stock fell in early trading, X Brian White, analyst at Monness, Crespi, Hardt & Co., downgraded Palantir stock to sell from neutral. “On the back of this unprecedented generative AI hype […]
Tesla (TSLA) was handed a downgrade early Monday on expectations that slowing demand for electric vehicles will extend into 2025. Meanwhile, Morgan Stanley’s Adam Jonas compared the EV giant to Toyota (TM) Monday, claiming “changing tastes of the global auto consumer” are driving Toyota shares higher while Tesla stock flounders. X Mizuho on Monday downgraded […]
(Bloomberg) — New York Community Bancorp’s credit grade was cut to junk by Fitch Ratings, and Moody’s Investors Service lowered its rating even further, a day after the commercial real estate lender said it discovered “material weaknesses” in how it tracks loan risks. Most Read from Bloomberg Fitch downgraded the bank’s long-term issuer default rating […]
Israel’s prolonged war with Hamas is going to become a significant economic and political burden for the country over the long haul, Moody’s said Friday. So the agency downgraded Israel’s credit rating. Moody’s Investors Service downgraded Israel’s debt rating from A1 to A2 on Friday, underscoring the economic damage of the country’s war with Hamas, […]
In January, Barry Sternlicht, the billionaire founder and CEO of real estate giant Starwood Capital, warned that there’s going to be an “existential crisis” in the commercial property market. His comments followed a prediction from Cantor Fitzgerald’s billionaire chairman and CEO, Howard Lutnick, for between $700 billion to $1 trillion of commercial real estate defaults […]
A downgrade for Dow Jones component Goldman Sachs (GS) helped hamper blue chip futures Wednesday morning as Wall Street awaited earnings from big banks later in the week. Meanwhile, Coinbase (COIN) tumbled as bitcoin declined sharply. X Ahead of the opening bell, Dow Jones futures edged down, while S&P 500 futures were flat to down. […]
Calling Palantir Technologies (PLTR) “overhyped on AI,” Jefferies analyst Brent Thill on Friday downgraded PLTR stock to underperform.
Apple (AAPL) stock outperformed in 2023 despite posting four straight quarters of declining sales. But without positive catalysts, it is likely to drop in 2024, a Wall Street analyst says.
(Bloomberg) — Apple Inc. got itself a new bear as expectations of soft demand for its latest iPhone prompted analysts at Barclays Plc to downgrade the stock. Most Read from Bloomberg Barclays analysts led by Tim Long cut their rating on Apple to underweight and price target to $160 from $161, implying a 17% decline […]