Wall Street analysts initiated coverage of Arm Holdings Plc.’s stock with mostly bullish appraisals, despite signs that investors have cooled on the chip designer’s shares since its buoyant market debut last month.
The expiration of the customary quiet period following its initial public offering last month means that analysts at the more than 25 firms — including Barclays Plc, and Goldman Sachs Group Inc. — that participated in the IPO can begin coverage of the chip designer. Monday saw a flurry of upbeat coverage, among some more cautious takes. The stock edged higher in premarket trading.
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