ASML : Buy rating maintained after Q&A with CFO: target price of € 420 vs € 390
>Buy rating maintained, following Q&A with Roger Dassen (CFO) - Following a Q&A session we held yesterday with Roger Dassen (CFO) and Marcel Kemp (IR head), we maintain our Buy rating. Unsurprisingly, the tone was positive, with no perceptible deviation from the stance adopted at the Q3 2020 release. ASML remains, in our view, a story of unrivalled technological domination. This gives it much stronger growth potential than that of the industry and allows it to navigat...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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