Deutsche Bank Upgrades ASML Inc. (ASML) to Hold

January 22, 2013 8:18 AM EST
Get Alerts ASML Hot Sheet
Price: $122.97 +6.09%

Rating Summary:
    13 Buy, 14 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Deutsche Bank upgraded ASML Inc. (NASDAQ: ASML) from Sell to Hold.

The firm comments, "We lower 2013&14 EPS by 17 and 3% respectively to reflect weaker than expected memory and foundry Capex. ASML's current re-rating suggests confidence in the 2016 EUV bull case is increasing. We maintain our view that 'perfect execution' on the still challenging next-gen EUV technology would imply long-term upside to E72, implying an NPV of E49/share or limited upside from here. With 2013 Capex expectations lowered, we upgrade from Sell to Hold and raise our target price from E35 to E47."

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 $69.17 yesterday.

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