Citi Upgrades Palm Inc. (PALM) to Hold, Says New Phone Steals CES Show
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Citi upgrades Palm Inc. (Nasdaq: PALM) from Sell to Hold. Price target $6.50.
Citianalyst says, "Upgrade PALM to Hold on Breakthrough Device — PALM’s new “Pre” smartphone has potential to be an iconic handset. Acknowledging that questions/risks related to timing, pricing, margins, we upgrade PALM to Hold – Pre looks like a gamechanger for PALM & Sell rating is no longer warranted. We still forecast operating losses, but Pre could help improve financials."
Palm, Inc. (Palm) is a provider of mobile products. It offers Treo and Centro smartphones, handheld computers and accessories through a network of wireless carriers, as well as retail and business outlets worldwide.
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Why cover the stock?
Kris on Jan 12, 2009 11:22 AMI'm with Lewis Black, if this is all you have to say... why bother?!