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Fly News Breaks for February 16, 2016
ARMH
Feb 16, 2016 | 06:49 EDT
Macquarie analyst Deepon Nag downgraded ARM Holdings to Neutral and maintained his $40 price target on shares. The analyst is concerned about slowing growth as mobile drivers slow new initiatives take time to develop, the lack of operating leverage as the company invests in new markets, and the impact of slowing growth on the company's premium valuation.
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