ASML: Oddo BHF raises target price
(CercleFinance.com) - Oddo BHF maintains its "buy" rating on the ASML having raised its corresponding target price from 300 euros to 320 euros, meaning upside potential of 10% for the share, following an upbeat conference call with the Dutch supplier of photolithography systems for the semiconductor industry.
The group highlights the strong demand from logic chip manufacturers and foundries, with the hope of a recovery in the second half of the year, and points out that ASML is not affected by the trade war between the United States and China.
Even so, analysts are leaving their growth scenario unchanged in 2020, expecting an acceleration in 2021. They are also maintaining their positive long-term investment case for the share, considering the share's reasonable valuation in view of its position and outlook.
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