ARM Holdings shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $107 to $190.
Portfolio Pulse from Benzinga Newsdesk
ARM Holdings shares are trading higher following an upgrade from Morgan Stanley, which raised the stock rating from Equal-Weight to Overweight and increased the price target from $107 to $190.
July 19, 2024 | 10:45 am
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POSITIVE IMPACT
Morgan Stanley upgraded ARM Holdings from Equal-Weight to Overweight and raised the price target from $107 to $190, leading to a rise in the stock price.
The upgrade from a major financial institution like Morgan Stanley and the significant increase in the price target are strong positive signals for investors, likely leading to increased buying activity and a rise in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100