Arm price target lowered to $147 from $180 at Guggenheim

Guggenheim lowered the firm’s price target on Arm (ARM) to $147 from $180 and keeps a Buy rating on the shares. Arm reported a “mixed quarter” with total revenue slightly above consensus, the analyst tells investors. Arm decided not to issue full year guidance and although Arm does not expect to be impacted directly by tariffs, it noted that indirect impact via the end-markets it serves is more uncertain, notes the analyst, who lowered the firm’s price target to account for effects from the geopolitical uncertainty that could persist over the next year.