ASML: UBS still on hold
(CercleFinance.com) - UBS maintains its Neutral rating on the stock with an unchanged target price of E710, giving it 14% upside potential.
We think that the CMD will be a useful approach to focus on fundamentals, but it is unlikely to move the debate forward in the near term, UBS says.
Note that the group has updated its 2025 guidance and is now targeting sales of only E30bn/35bn, down from E30bn/40bn.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
We think that the CMD will be a useful approach to focus on fundamentals, but it is unlikely to move the debate forward in the near term, UBS says.
Note that the group has updated its 2025 guidance and is now targeting sales of only E30bn/35bn, down from E30bn/40bn.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.