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Fly News Breaks for October 14, 2016
ASML
Oct 14, 2016 | 08:48 EDT
Bernstein analyst Pierre Ferragu expects ASML to report better than expected Q3 results and provide "strong" Q4 guidance. The analyst expects the company's results to be boosted by the ramping of its 10nm product, and he expects guidance to be helped by the recognition of three EUV tools. Ferragu says that ASML is on track to meet its 2020 EUR10B revenue target. He thinks that the stock is undervalued and keeps a $138 price target and Outperform rating.
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