palm posts
FeedPosted Apr 29th 2010 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Hewlett-Packard (HPQ), Barrick Gold (ABX), Palm Inc (PALM), Analyst Initiations, Akamai Technologies (AKAM)
Analyst Upgrades
- Kaufman Bros. upgraded Palm (PALM) to hold from sell after the company was acquired by Hewlett-Packard (HPQ).
- Citigroup upgraded Akamai (AKAM) to buy from hold following the company's better-than-expected Q1 results. The firm raised its target for shares to $44 from $32.
- Deutsche Bank upgraded Rockwell Automation (ROK) to hold from sell following the company's Q2 results and guidance. The firm raised its target for shares to $60 from $49.
- First Solar (FSLR) was upgraded to buy from hold at Deutsche Bank and to hold from sell at Soleil.
- Beckman Coulter (BEC) was upgraded to overweight from neutral at Piper Jaffray.
- Barrick Gold (ABX) was upgraded to buy from hold at Jefferies.
Continue reading Analyst Calls: AKAM, AKS, BIN, BTN, DTG, EFX, FSLR, PALM, PLCE, ROK ...
Posted Apr 19th 2010 4:20PM by Jon Ogg (RSS feed)

This was one of those trading days where you had to toss a coin for a good guess about where markets were headed until after 2 PM. Ongoing concerns over Goldman Sachs, Greece, and even the Iceland Volcano were adding to the pressure in early morning trading. Even stronger than expected Leading Economic Indicators reading did not help out later in the day.
Here were the unofficial closing bell levels:
Nasdaq 2,480.11 -1.15 (-0.05%)
Dow 11,092.05 +73.39 (0.67%)
S&P 500 1,197.52 +5.39 (0.45%)
Top Analyst CallsContinue reading Closing Bell: Maybe Just a One-Day Scandal? (C, PALM, S, CADX, GS)
Posted Apr 19th 2010 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Colgate-Palmolive (CL), Corning Inc (GLW), Palm Inc (PALM), Analyst Initiations, Teva Pharm Indus ADR (TEVA), Blackstone Group L.P (BX)
Analyst Upgrades
- JPMorgan upgraded T. Rowe Price (TROW) to overweight from neutral while downgrading Janus Capital (JNS) to underweight from neutral to reflect valuations and fundamentals. The firm has a $67 price target for T. Rowe Price shares.
- Piper Jaffray upgraded Lincoln Electric (LECO) to overweight from neutral as it believes the rebound in global manufacturing is accelerating. The firm has a $70 price target on the stock.
- Wells Fargo upgraded Highwoods Properties (HIW) to market perform from underperform, citing valuation and a strong balance sheet.
- Corning (GLW) was upgraded to outperform from sector perform at RBC Capital.
- Allergan (AGN) was upgraded to conviction buy from neutral at Goldman.
- Mohawk (MHK) was upgraded to buy from neutral at SunTrust.
Continue reading Analyst Calls: ARG, BX, CL, GLW, LECO, PALM, TEVA, TROW ...
Posted Apr 13th 2010 12:30PM by Elizabeth Harrow (RSS feed)
Filed under: Palm Inc (PALM), Options
There's been a lot of chatter lately about a potential buyout for Palm Inc. (PALM), with various reports pointing to HTC and Lenovo as possible suitors for the parent of the Pre and Pixi smartphones. However, one long-term option trader on Monday placed a confident bet against a white-knight bid for PALM by opening a sizable, out-of-the-money put position on the equity.
Around midday Monday, a block of 6,500 contracts slipped across the tape on PALM's January 2011 2.50 put, which is currently out of the money by about three points. These puts changed hands at the ask price of $0.25, suggesting they were purchased.
Continue reading Options Bear Places Massive Bet Against Palm
Posted Apr 12th 2010 9:20AM by Mark Fightmaster (RSS feed)
Filed under: Rumors, Apple Inc (AAPL), Research in Motion (RIMM), Palm Inc (PALM)

Palm (
PALM) shares are up over 8% in premarket trading after Bloomberg reported the struggling smartphone maker has hired investment bankers Goldman Sachs and Qatalyst Partners to take
bids for the company, according to "people familiar with the situation."
Palm faces an over-saturated market thanks to Apple (
AAPL) and Research in Motion (
RIMM). It has lost market share hand over fist to its two more-successful rivals. Fundamentally, the company may not offer inferior products to its two rivals, but Palm's latest smartphone is widely considered a flop compared to RIMM's and Apple's offerings. I am not saying that Palm's products are worse than Apple's and RIMM's, but perception can become reality, especially on Palm's bottom line.
Continue reading Palm Looking for Buyer
Posted Mar 26th 2010 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Best Buy (BBY), Research in Motion (RIMM), QUALCOMM Inc (QCOM), Palm Inc (PALM), Analyst Initiations, Unilever ADR (UL)
Analyst Upgrades
- Leerink upgraded Genzyme (GENZ) to outperform from market perform due to valuation as it believes the sell-off on news of the consent decree is overdone.
- FBR Capital upgraded Progressive (PGR) to outperform from market perform to reflect an improving outlook. The firm raised its target price for shares to $23 from $18.
- Janney Montgomery upgraded Cheesecake Factory (CAKE) two notches to buy from sell, citing improving casual-dining sales trends. The firm has a $30 price target for shares.
- Research in Motion (RIMM) was raised to overweight from neutral at JPMorgan.
- Tata Motors (TTM) was upgraded to buy from hold at Deutsche Bank.
- Palm (PALM) was upgraded to market perform from underperform at BMO Capital.
Continue reading Analyst Calls: BBY, CAKE, GENZ, PALM, PGR, QCOM, RIMM, STX, TTM ...
Posted Mar 20th 2010 1:00PM by Michael Shulman (RSS feed)
Filed under: Palm Inc (PALM), Stocks to Sell
Would anyone care if Palm (PALM) went away -- other than its employees and shareholders?
This company is seeing sales decline, and its new best hope, the Pre, is competing against the iPhone, BlackBerry and Droid.
That means a company with little cash and a market cap under a billion dollars is fighting, with an inferior and overpriced product, against the combined strength of Apple (AAPL), Research In Motion (RIMM) and Google (GOOG). End of discussion.
At the time of this writing, the author did not own shares of PALM.
Next: Deadbeat Stock #3: Brunswick (BC)
Posted Mar 20th 2010 12:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings Reports, Starbucks (SBUX), Cintas Corp (CTAS), FedEx Corp (FDX), NIKE, Inc'B' (NKE), TD AmeriTrade Holding (AMTD), Alcatel-LucentADS (ALU), GameStop Corp (GME)
Here are some highlights from this past week's earnings coverage on BloggingStocks:
- Alcatel-Lucent (ALU) received an analyst's downgrade following its disappointing earnings report and guidance.
- Chicago Bridge & Iron Co. (CBI) improved earnings prospects prompted one analyst to upgrade the stock.
- Cintas Corp. (CTAS) lower Q3 earnings topped analysts' expectations, and it reiterated its Q4 earnings guidance.
- CRA International Inc. (CRAI) received an analyst's downgrade following its earnings results for Q1.
- Discover Financial Services (DFS) reported a net loss for Q1 due to a needed boost to its loan loss reserves.
Continue reading Earnings Highlights: Discover, FedEx, GameStop, Guess, Nike, Palm ...
Posted Mar 19th 2010 11:30AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, Research in Motion (RIMM), Palm Inc (PALM), Analyst Initiations
Analyst Upgrades
- Auriga upgraded Computer Programs & Systems (CPSI) to hold from sell after channel checks indicated Q1 could be the bottom for stagnation of new system sales. The firm raised its target for shares to $38 from $32.
- Janney Montgomery upgraded Tetra Tech (TTEK) to buy from neutral due to valuation. The firm has a $26 price target on the stock.
- Deutsche Bank upgraded Energy Transfer Equity (ETE) to buy from hold and raised its target for shares to $40 from $27.
- Best Buy (BBY) was upgraded to buy from neutral at Goldman.
- Mariott (MAR) was raised to buy from sell at Societe Generale.
- Telus (TU) was upgraded at TD Newcrest to action list buy from buy.
Continue reading Analyst Calls: BBY, CPSI, CRAI, MAR, PALM, RIMM, SLB, SYNA, TTEK, WFT ...
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