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Depsite last night’s third quarter warning, Piper Jaffray is upgrading shares of Palm (Nasdaq: PALM) today from Neutral to Buy and lifting its price target from $4 to $10. Piper is citing one thing – “the Pre”.
The firm said that while the results and cash burn were below expectations, their checks indicate growing carrier interest for the Palm Pre.
Piper Jaffray Upgrades Palm (PALM) To Buy Despite Warning
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