Palm’s stock price got a small boost on an analyst upgrade from J.P. Morgan. J.P’s Paul Coster has raised his rating on the stock to Overweight from Underweight. The stock is currently up ~6% (at 6.40) on the day. In a note, Coster says Centro sales may be exceeding expectations and the device is currently the most popular device offered by 16 Sprint stores the analyst surveyed. (via Tech Trader Daily)
In related news, Palm’s CFO Andrew Brown will be presenting at the Thomas Weisel Partners Technology, Telecom & Internet Conference 2008 in San Francisco later today at 4:25 Pacific Time. A live webcast of the presentation will be available at Palm’s Investor Relations site.