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Fly News Breaks for April 18, 2018
LRCX, ASML
Apr 18, 2018 | 13:57 EDT
Evercore ISI analyst C.J. Muse thinks the pullback in Semiconductor Equipment stocks following the earnings reports from ASML (ASML) and Lam Research will be short-lived. ASML posted an "excellent" quarter with an improved 2018 outlook on better demand driven by memory, Muse tells investors in a research note. The company remains favorite of the analyst's with an Outperform rating and EUR 200 price target.
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