1 posts and columns on Hold rating

Palm: Kaufman Sets Hold Rating; Many Possible Suitors

in News on July 1, 2009 at 12:00 pm PT

Kaufman Bros. analyst Shaw Wu this morning launched coverage of Palm with a Hold rating and a $16 price target. He writes in a research note that the company is well-positioned in the smart phone sector with its WebOS software, but that the valuation is expensive; he also is concerned about ongoing operating losses and a weak balance sheet.