Morgan Keegan Downgrades Palm, Inc. (PALM) To Underperform Rating

Analysts Tavis C. McCourt and Justin T. Patterson at Morgan Keegan have downgraded Palm, Inc. (NASDAQ: PALM) to Underperform rating.

On Friday, the company filed an 8-K, indicating that Michael Abbot, its SVP Software & Services, has resigned effective April 23. Analysts have downgraded shares of Palm, Inc. as a near term buyout appears less likely based on some of company´s recent actions, while an internal turnaround of the company looks difficult.