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Palantir Sinks over 4% as Monness, Crespi Downgrades on Enterprise Software Worries

$Palantir Technologies$ was in focus on Friday as investment firm Monness, Crespi, Hardt downgraded the enterprise software maker, citing worries in the space.Shares fell 3% in premarket trading.The results from enterprise software companies that reported recently were "largely downbeat," analyst Brian White said. White cut his rating on Palantir to Sell from Neutral and put a $20 price target on the stock.And with the "preeminent" companies in the space, such as Salesforce , Workday and others
Palantir Sinks over 4% as Monness, Crespi Downgrades on Enterprise Software Worries

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