Deutsche Bank Downgrades ARM Holdings to Hold, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Ross Seymore downgraded ARM Holdings from Buy to Hold while increasing the price target from $60 to $70.

December 18, 2023 | 12:18 pm
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NEUTRAL IMPACT
ARM Holdings was downgraded by Deutsche Bank from Buy to Hold, but the price target was raised from $60 to $70.
The downgrade to Hold suggests a neutral outlook on the stock's performance, indicating that the stock might perform in line with the market or sector. However, the increase in the price target from $60 to $70 implies a positive view on the company's valuation, which could counterbalance the downgrade's negative impact. The mixed signals may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100