Palm Inc. (PALM) Jumps on Upgrade

By Elizabeth Harrow
14 September 2007 @ 10:01 am EDT

Palm Inc. , maker of the Treo smartphone, was upgraded this morning from "market perform" to "outperform" by Morgan Keegan. Covering analyst Tavis McCourt noted the approval by Palm shareholders of its recapitalization deal with Elevation Partners as the impetus behind the ratings boost, saying that it "brings more financial discipline and already apparent improvements in strategic focus."

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