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

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.
Comments (1)
  • >> implies major near-term share loss

     

    Or major long term share loss. At these lofty multiples, the stock is priced for growth five years + out.
    25 Jun 2013, 11:34 AM Reply Like
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