- Barclays analyst Gaurav Jain upgraded Vector Group Ltd (NYSE:VGR) to Equal Weight from Underweight with a price target of $17, up from $13, implying a 1.4% upside.
- The analyst says the Douglas Elliman spinoff will unlock value.
- Jain said while the business is ultimately cyclical, it is unlikely that the downcycle would start in the next few months before the spinoff is completed.
- Price Action: VGR shares are trading higher by 10.2% at $16.77 on the last check Monday.
Palantir Stock Soars On This Continued Trend: What The Chart Says
Palantir Technologies Inc (NYSE: PLTR) was flying over 5% higher on Thursday propped up by overall market strength and continued interest in the r/WallStreetBets community of retail traders. The stock has been trading in a steep uptrend since reaching a July 19 low just above the $20 mark.
