ASML: New Street Research upgrades to 'buy'
(CercleFinance.com) - New Street Research has upgraded the ASML share to "buy," with a target price of 200 euros, seeing "three good reasons" to buy the share now.
In a research note, analyst Pierre Ferragu said he is convinced that the share will be able to deliver good performance by the end of 2018.
"The recent pull back offers a good entry point from a valuation standpoint," he wrote in the report.
Second, New Street thinks concerns across the industry will only have a limited impact on ASML.
Finally, as the key controversy on ASML has been its 2020 order book, the research house believes that the company will be in a position to reassure about 2020 EUV expectations at its next capital markets day in November.
ASML shares are currently up 0.1% at 161.9 euros on Euronext Amsterdam.
Copyright (c) 2018 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.
In a research note, analyst Pierre Ferragu said he is convinced that the share will be able to deliver good performance by the end of 2018.
"The recent pull back offers a good entry point from a valuation standpoint," he wrote in the report.
Second, New Street thinks concerns across the industry will only have a limited impact on ASML.
Finally, as the key controversy on ASML has been its 2020 order book, the research house believes that the company will be in a position to reassure about 2020 EUV expectations at its next capital markets day in November.
ASML shares are currently up 0.1% at 161.9 euros on Euronext Amsterdam.
Copyright (c) 2018 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.