Investing
Add as a preferred source on GoogleHSBC cut its Arm figure by about 6.5% and lifted its Visa target by 24%.
Visa received the larger dollar adjustment: HSBC raised its target by $90, while its Arm target fell by $15.
HSBC's Nov. 5 targets stood at $465 for Visa, up from $375, and $215 for Arm Holdings, down from $230. The changes represent a 24% increase for Visa and a reduction of about 6.5% for Arm.
The new ceiling covers half of the $3 billion series, and the offer depends on a separate $1.5 billion securities sale closing by Nov. 19.
The Hong Kong Monetary Authority plans to include regulated stablecoins in a future phase of tokenized-settlement trials.
Visa tested 22 agents 15 times each. The five highest-cost agents averaged 67% success, compared with 50% for the five lowest-cost.
