Shares of Palantir (PLTR) are on the move following a downgrade from Raymond James. The firm lowered its rating on the company to Market Perform from Outperform, while also removing its $30 price target— citing inflated valuation concerns. Despite this, Raymond James remains bullish on Palantir's AI positioning going forward.

Morning Brief co- hosts Seana Smith and Brad Smith break down the details.

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This post was written by Angel Smith