Market Overview

UPDATE: Deutsche Bank Upgrades ASML Holding N.V. to Hold on Execution, Lower CapEx Forecast

Share:
Related ASML
18 Stocks Moving In Monday's Pre-Market Session
Earnings Scheduled For October 19, 2016
Don't Pick Sides In The Arms Race, Invest In The Arms Dealer With LRCX (Seeking Alpha)

Deutsche Bank upgraded ASML Holding N.V. (NASDAQ: ASML) from Sell to Hold.

Deutsche Bank commented, "We lower 2013&14 EPS by 17 and 3% respectively to reflect weaker than expected memory and foundry Capex. ASML's current re-rating suggests confidence in the 2016 EUV bull case is increasing. We maintain our view that 'perfect execution' on the still challenging next-gen EUV technology would imply long-term upside to E72, implying an NPV of E49/share or limited upside from here."

ASML Holding N.V. (ADR) closed at $61.15 on Friday.

Latest Ratings for ASML

DateFirmActionFromTo
Aug 2016Bank of AmericaDowngradesBuyNeutral
Jul 2016UBSDowngradesBuyNeutral
Apr 2016Credit SuisseMaintainsNeutral

View More Analyst Ratings for ASML
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Upgrades Pre-Market Outlook Analyst Ratings

 

Related Articles (ASML)

View Comments and Join the Discussion!