Deutsche Bank Maintains a 'Buy' Rating on Palm Inc (PALM); Modest Demand at Verizon (VZ), but Trends Improving

February 12, 2010 7:28 AM EST
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Price: $5.69 --0%

Rating Summary:
    0 Buy, 0 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 19 | New: 35
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Deutsche Bank maintains a 'Buy' rating on Palm Inc (Nasdaq: PALM), price target $20.

Deutsche analyst says, "We have conducted a phone survey of 210 Verizon (NYSE: VZ) outlets in 38 states to gauge Palm and smartphone trends. We have found that Verizon has yet to fully engage in promoting Palm products, however we did see a clear improvement as the survey progressed, indicative of ongoing training efforts. While we continue to see the near-term outlook as volatile for the stock, we maintain our Buy rating on our view that with time the value of webOS will become more apparent...We also found that Palm is closing on Blackberry (Nasdaq: RIMM) for most preferred which came in at 17%."
To see all the upgrades/downgrades on shares of PALM, visit our Analyst Ratings page.

Palm, Inc. (Palm) is a provider of mobile products for individual users and business customers worldwide.

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