There was quite a bit of chatter this week covering reviews of the Pre Plus, reaction to the Verizon Pre Plus "Mom" ads, run-up to what may come at the Mobile World Congress in Barcelona and some PALM analyst movements. So let’s talk Palm!
Palm’s stock closed out the week at $9.99. There was a bit of uplifting news starting with Citi raising its rating to Hold from Sell. Another firm, Wedbush Morgan Securities initiated coverage of the shares with a Neutral rating and price target of $10.50.
The last bit of uplifting news was talk about the Pre possibly arriving at AT&T in May. Citibank’s analyst believes that more insight into carrier interest for Palm’s webOS devices may come out during the Mobile World Congress (Our own Dieter Bohn is attending and will be providing reports and insights).