JPMorgan raised the firm’s price target on ASML to EUR 806 from EUR 650 and keeps an Overweight rating on the shares. The company’s ALD and Epitaxy tools will see a period of “substantial new market share gains” or new high volume process adoption over the next few years, the analyst tells investors in a research note. The firm says this “golden period” should allow ASML’s near-term multiples to expand.
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Read More on ASML:
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