Lehman Starts Palm, Handspring With Buy Ratings
Shares of
Palm
(PALM)
received a boost after
Lehman Brothers
initiated coverage on the Santa Clara, Calif., handheld computing company with a buy recommendation and a 12-month price target of $60.
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Shares of Palm recently rose $2.50, or 5.8%, to $45.50 in
Nasdaq
trading.
Lehman also started coverage of rival handheld computer maker
Handspring
(HAND)
with a buy and a price target of $90. Shares of Handspring went the opposite direction, trading down $2.63, or 4.1%, to $62.
