Deutsche Bank Maintains a 'Hold' on ASML Inc. (ASML); SemiCap Outperformer, but Bookings Recovery Discounted

Deutsche Bank maintains a 'Hold' on ASML Inc. (NASDAQ: ASML) price target of E28.50.

Deutsche analyst says, "While ASML should continue to take share of Capex wallets across the cycle, we believe its share price now discounts a likely recovery in tool bookings to a ~E900m quarterly run rate. In our view this should be achievable due to recovering technology migration Capex in DRAM, continued NAND capacity addition and potentially stronger Samsung logic/LSI Capex in 2012. However, on our estimates ASML trades around the mid-point of its trough cycle P/E range and close to mid-cycle EV/Sales and P/B multiples."

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 $36.21 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Morgan Stanley lists top 10 AI stocks to buy in Europe
• UBS Downgrades Planisware SA (PLNW:FP) to Neutral
• Morgan Stanley Starts eMemory Technology Inc (3529:TT) at Overweight