Cantor Fitzgerald initiated coverage of ASML with an Overweight rating and EUR 900 price target as the firm initiated coverage on 18 names in the Semiconductor & Semiconductor Equipment industries. ASML was a major underperformer in 2023, and Cantor looks for the opposite in 2024 and expects bookings to push higher in the Q2 timeframe to support the growth it expects in 2025, the analyst tells investors in a research note.
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