Ethiopian Review

Deutsche Bank analyst Kai Korscheldt this morning reduced his rating on microprocessor design firm ARM Holdings (ARMH) to Hold from Buy, asserting that the stock after a recent rally now “adequately discounts” the company’s growth prospects from both a handset mix shift toward smart phones and share gains in non-mobile end markets.

ARMH today is off 4 cents, or 0.4%, to $10.77.

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