Palm Rebounds on Analyst's Boost

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Palm

(PALM)

was up 0.5% at midday after opening lower. The stock has slid about 48% since its recent peak Nov. 3.

Bear Stearns

today reiterated its buy rating and 12-month target of $80, as well as its earnings estimates. Other makers of hand-held devices were lower.

Handspring

(HAND)

was down 17.8% and

Research in Motion

(RIMM)

was down 4.1%.