The folks at Palm could use some good news right about now, and today they got a little. Palm has been upgraded to the statues of "out perform" because their new line of products looks superior to the 07 line-up. --- NEW YORK, September 14 (newratings.com) - Analysts at Morgan Keegan upgrade Palm Inc (ticker: PALM) to "outperform," while reducing their estimates for the company.
In a research note published this morning, the analysts mention that the company’s shareholders have voted for the leveraged recapitalization plan that was proposed by Elevation and the completion of recapitalization appears imminent. Palm's new product pipeline for 2008 appears far superior to that of 2007, indicating a potential improvement in growth, the analysts say. The EPS estimate for FY08 has been reduced from $0.62 to $0.29 to reflect the recapitalization. --- newratings
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