HSBC Downgrades ARM Holdings to Reduce
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Frank Lee has downgraded ARM Holdings (NASDAQ:ARM) from Hold to Reduce.
July 29, 2024 | 2:31 pm
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NEGATIVE IMPACT
HSBC analyst Frank Lee has downgraded ARM Holdings from Hold to Reduce, indicating a negative outlook on the stock.
The downgrade from Hold to Reduce by a reputable analyst like Frank Lee at HSBC suggests a negative sentiment towards ARM Holdings. This could lead to a short-term decline in the stock price as investors react to the downgrade.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100