Arm's shares get helping hand as IPO banks weigh in with ratings
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HSBC Starts Arm Holdings (ARM) at Hold, 'Work in progress'
October 9, 2023 7:06 AM EDTHSBC analyst Frank Lee initiates coverage on Arm Holdings (NASDAQ: ARM) with a Hold rating and a price target of $57.00.
The analyst comments "We initiate coverage on Arm with a Hold rating and a target price of USD57. Electronic design automation (EDA) software vendors like Synopsys and Cadence are the best valuation peers. Arm... More
