Redburn Atlantic Initiates Coverage On ARM Holdings with Neutral Rating, Announces Price Target of $50
Portfolio Pulse from Benzinga Newsdesk
Redburn Atlantic analyst Timm Schulze-Melander has initiated coverage on ARM Holdings with a Neutral rating and a price target of $50.

September 19, 2023 | 9:12 am
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NEUTRAL IMPACT
ARM Holdings has been initiated with a Neutral rating and a price target of $50 by Redburn Atlantic.
The initiation of coverage by Redburn Atlantic with a Neutral rating indicates that the analyst believes the stock is fairly valued at current levels. The price target of $50 provides a reference point for investors, suggesting where the analyst believes the stock price may go. This could potentially influence investor sentiment and trading behavior, but the neutral rating suggests no significant price movement in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100