Deutsche Bank raised its price target on Palm (Nasdaq: PALM) from $10 to $12 yesterday and also maintained its Buy rating. Deutsche remains confident about the Palm Pre and said it believes the new Pre smartphone will turn around the company’s results.
Also, Deutsche said the Palm Pre timetable seems on track, and both carrier and developer interest remains high. In fact, Deutsche thinks Palm and Sprint (NYSE: S) could potentially ship the Pre earlier than the June 30th target date
