Deutsche Bank Upgrades ASML Inc. (ASML) to Buy; Likely H2 Order Trough
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Price: $1,878.30 +1.86%
Rating Summary:
25 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
Rating Summary:
25 Buy, 9 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
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Deutsche Bank upgraded ASML Inc. (NASDAQ: ASML) from Hold to Buy.
Deutsche analyst says, "Post a weak Q3 outlook we believe ASML's bookings bottom out in H2 and recover in H112. Key momentum indicators such as book to bill and bookings growth are signaling a trough in the share price, as do its EV/sales and price to book multiples. With bear case downside in our view limited to E21, we see an attractive risk-reward and upgrade."
For more ratings news on ASML Inc. click here and for the rating history of ASML Inc. click here.
Shares of ASML Inc. closed at $34.68 yesterday.
Deutsche analyst says, "Post a weak Q3 outlook we believe ASML's bookings bottom out in H2 and recover in H112. Key momentum indicators such as book to bill and bookings growth are signaling a trough in the share price, as do its EV/sales and price to book multiples. With bear case downside in our view limited to E21, we see an attractive risk-reward and upgrade."
For more ratings news on ASML Inc. click here and for the rating history of ASML Inc. click here.
Shares of ASML Inc. closed at $34.68 yesterday.
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