ASML: Bryan Garnier raises target price
(CercleFinance.com) - Bryan Garnier maintains its "buy" recommendation on the ASML stock, and has raised its fair value for the share from 175 euros to 180 euros, "With a buoyant context and a 2018 which should continue to see strong growth" for this semiconductors equipment supplier.
"Early in 2018, the success of EUV systems is no longer in doubt and all eyes are now on ASML's ability, and that of its suppliers, to ramp up production of these new generation tools," the broker underlines.
It therefore believes that overall, the Dutch specialist of lithographic material is “in a comfortable situation with an order book equipping all the EUV fabs through to the end of 2018e”.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"Early in 2018, the success of EUV systems is no longer in doubt and all eyes are now on ASML's ability, and that of its suppliers, to ramp up production of these new generation tools," the broker underlines.
It therefore believes that overall, the Dutch specialist of lithographic material is “in a comfortable situation with an order book equipping all the EUV fabs through to the end of 2018e”.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.