Investec upgrades ARM (ARMH +1.9%) to Buy, sending shares back above $36. The firm thinks ARM's...

|About: ARM Holdings, plc (ARMH)|By:, SA News Editor
Investec upgrades ARM (ARMH +1.9%) to Buy, sending shares back above $36. The firm thinks ARM's current share price implies major near-term share loss, something deemed unlikely. Shares are down 28% from a May 16 all-time high of $50.56, but still carry steep multiples. Numis downgraded ARM to Reduce last week.