ASML Holdings (ASML) Reports Q3 EPS of EUR0.75

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Cowen Trims PT on ASML (ASML) to EUR 95; Doesn't Dislike, But Would Rather Own Lam Research (LRCX)

October 14, 2015 2:59 PM EDT

Cowen and Company trims its price target on Outperform-rated ASML Holdings (Nasdaq: ASML) from 105 down to 95 following Q3 results issued Tuesday night.

Analyst Tim Arcuri said the new price target comes on a slightly less optimistic mult on the same ~ 7/share sustained peak estimated EPS for ASML (far below its own model of 9-10/share). EUV remains the world's greatest science project, but ASML will ultimately achieve some 7nm... More