ASML: shares rise slightly on broker upgrade

(CercleFinance.com) - Shares of Dutch chip equipment maker ASML rose slightly on Monday, after Liberum upgraded the stock from "hold" to "buy," citing upside potential in its margin.


The broker - which has raised its target price for the share from 152 euros to 180 euros - said that the fall in DRAM prices has been already priced into ASML shares and the broader semiconductor sector.

Furthermore, Liberum expects the group's gross margin to move well above 50% in coming years due to rising EUV profitability and strong growth in applications and installed base management.

Shares of the Veldhoven-based company were trading up about 0.4% at 156 euros in late morning trading on Euronext Amsterdam.

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