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Upgrade - ARM Holdings ARMH The Benchmark Company

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realfast95 Member Level  Tuesday, 09/20/11 08:04:41 AM
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Upgrade - ARM Holdings ARMH The Benchmark Company Hold » Buy $35

Upgraded from Hold to Buy
ARMH: ARMH: Upgrading to "Buy"
Given the recent pullback in ARM shares, we are raising our rating from Hold to Buy, with a price target of $35.00. Our bullish thesis centers on the long-term growth prospects for the very profitable Process Division (ARM PD) royalties, which made up 46% of 1H11 total revenue.


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