Nomura Securities Downgrades ASML Inc. (ASML) to Neutral; Fundamentals Now Reflected in Share Price

Nomura Securities downgraded ASML Inc. (NASDAQ: ASML) from Buy to Neutral, price target maintained at EUR42.00.

Analyst, Carmen Boyero, said, "After solid outperformance this year (+30% year to date relative to the Euro Stoxx 600 Tech index), we expect ASML’s share price to consolidate at current levels. Despite recent downward revisions of other SPE players, we continue to see a solid investment environment in Logic but believe this is now reflected in price. We expect Q2 results to meet expectations, and see limited scope for incremental disclosures to move market estimates materially higher."

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 $50.49 yesterday.

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