Palantir initiated with Underweight rating at Morgan Stanley on negative risk-reward

Palantir (NASDAQ:PLTR) was given an Underweight rating at Morgan Stanley on Monday, as the firm sees a negative risk-reward at current levels.

Shares fell 1.2% in premarket trading.

“Palantir’s commercial traction and [Artificial Intelligence Platform] product cycle drove the multiple re-rating, while the government segment