ASML : Beyond the current difficulties, the CMD on 11 November could provide a more bullish long-term vision
>Outperform maintained in the run up to the CMD on 11 November - Ahead of ASML’s upcoming CMD on 11 November, we reiterate our Outperform recommendation with a target price of € 600. The group is to raise its targets for 2025 and could, in our view, provide more detail on its optimistic vision out to 2030. Traditionally, the announcements at the CMD have been anticipated beforehand, which has led to mixed reactions (2016, 2018 and 2021) whatever the group has to say. ...ASML Holding provides lithography systems for the semiconductor industry, manufacturing machines that are used in the production of integrated circuits or chips. Co. develops, produces, markets, sells and services advanced semiconductor equipment systems exclusively consisting of lithography systems. Co. sells its products to micro-processor manufacturers and Foundries, NAND-Flash memory and DRAM memory chipmakers. Co.'s products line includes the following: PAS 5000 lithography systems, which Co. no longer manufactures but continues to refurbish; PAS 5500 products; TWINSCAN DUV systems and TWINSCAN EUV systems based on a new platform utilizing the concepts of the TWINSCAN platform.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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