Deutsche Bank Upgrades ASML Inc. (ASML) to Buy

April 18, 2013 7:36 AM EDT
Get Alerts ASML Hot Sheet
Price: $122.05 +0.16%

Rating Summary:
    12 Buy, 15 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Deutsche Bank upgraded ASML Inc. (NASDAQ: ASML) from Hold to Buy.

"Our re-assessment of the Cymer acquisition suggests material benefits to ASML such as accelerating EUV progress and material Gross Margin improvement (200bps for mature tools, up to 1000bps for EUV). With a successful EUV ramp potentially driving 2016 EPS to E9, we believe the stock could eventually be worth >E100," said analyst Kai Korschelt.

For an analyst ratings summary and ratings history on ASML Inc. click here. For more ratings news on ASML Inc. click here.

Shares of ASML Inc. closed at $69.48 yesterday.

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