ASML: Credit Suisse raises target price
(CercleFinance.com) - Credit Suisse reiterates its "outperform" rating on the ASML share, while raising its target price from 305 euros to 375 euros, as broker sees "ongoing acceleration in EUV adoption (as the industry strives towards faster migration to lower nodes) and stronger growth in Services".
This is is leading it to raise its sales and EPS forecasts for the lithography equipment manufacturer over 2020-22. Between 2019 and 2025: on average, sales and EPS are expected to grow by 10.5% and 18.5% p.a. respectively.
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