US Stocks Move｜AMD Surges Over 13% Pre-market After Reaching Multi-Billion Dollar AI Equipment Procurement Deal with Meta
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Target price slashed by 26% overnight! Morgan Stanley: Caterpillar (CAT.US)'s AI myth is gradually being exposed by the market cycle.
Morgan Stanley has cut Caterpillar's target price from $915 to $675, a reduction of 26%. The bank believes its AI narrative is giving way to the cyclical outlook, signaling that the stock has officially entered a valuation correction.
Morgan Stanley: Gross margin recovery path is clear, reiterates “Overweight” rating on STMicroelectronics (STM.US)
Morgan Stanley maintains its "Overweight" rating on STMicroelectronics and sets the target price at 65 euros.
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