ASML : We may have been overzealous – forecasts and target price upgraded – ASML is still our Top Pick in the sector
>Buy rating maintained after the Q1 2020 release, guidance withdrawn, but underlying stance still very positive - Following ASML’s Q1 2020 earnings, which were in line with the guidance updated on 30 March, and despite the guidance being dropped, we maintain our Buy rating (link to our initial reaction). The group is keeping its “conservative†stance in the event of unexpected problems in the supply chain or additional restrictions in connection with the COVID-19 cris...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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