PALM’s Solvency At Risk
Symbols: PALM
Tags: Canaccord Adams
Analysts at Canaccord Adams reiterate their "sell" rating on Palm (NASDAQ: PALM). The target price for PALM has been reduced from $4 to $0.
According to Canaccord Adams, the target price has been lowered to reflect the poor sell through of the PALM device. Analysts expect PALM’s troubles to accelerate and that the company's solvency to be at risk.
PALM’s shares closed at $5.65 yesterday. More Analyst Ratings here
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