BUZZ-ARM: broker boost
** ARM Holdings (LSE: ARM.L - news) bounces further off 6-mth lows as Investec (LSE: INVP.L - news) upgrades to "buy" vs "hold" on valuation grounds ahead of H1 results on July 22 which the broker expects to be in-line
** Investec notes stock has underperformed the market by 12% in the last three months, and is at a c.25% discount as well as the bottom of its five-year valuation range
** Flags co's compelling investment case based on the significant historic licence signings underpinning future royalty growth
** Stock up 1%, 3rd-top FTSE 100 riser & 3rd most actively traded on index (RM (LSE: RM.L - news) : tricia.wright1.thomsonreuters.com@reuters.net)