TSM - What's Going On With Arm Holdings Stock? | Benzinga
Arm Holdings Plc (NASDAQ:ARM) shares are falling Friday after Exane BNP Paribas downgraded the stock from Outperform to Neutral.
The Details:
Exane BNP Paribas analyst David O’Connor downgraded Arm from Outperform to Neutral and announced a $100 price target on the stock.
Arm shares are down nearly 30% over the past five days as earnings from ASML Holdings N.V. (NASDAQ:ASML) and Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) have put pressure on the semiconductor sector.
ASML posted ...