ASML downgraded to Hold at Erste Group after disappointing Q3 report

As previously reported, Erste Group analyst Hans Engel downgraded ASML (ASML) to Hold from Buy. ASML “disappointed” with its Q3 report, announcing a significantly lower volume of new orders than expected and the forecast for revenue in 2025 was also significantly lowered, notes the analyst, who also points out that the gross margin expected for 2025 will be lower than previously forecast.