ASML: Bernstein raises target price to 180 euros

(CercleFinance.com) - Bernstein has raised its target on ASML from 160 euros to 180 euros, while maintaining an "outperform" rating on the stock, with 2018 off to "an excellent start.
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After the Dutch chip equipment maker reported a "good quarter" yesterday morning, the broker thinks ASML is set on a multiple-year trajectory of revenue growth, driven by the broad adoption of A.I.

"For 2018, we defend expectations are too low," Bernstein adds, saying that ASML can largely exceed the 10 billion euros mark in revenues this year.



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