Goldman Sachs Downgraded ASM International NV (ASMI) to Neutral
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Goldman Sachs downgraded ASM International NV (Nasdaq: ASMI) from it Conviction Buy List to Neutral, citing valuation after recent outperformance. The firm raised their price target from EUR 18 to EUR 19.
The firm continues to think the implied negative value of ASM's Front-End ops understates its intrinsic value.
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