Evercore ISI analyst C.J. Muse reiterates an Outperform rating on ASML with a $139 price target following the company's "solid" earnings report. ASML, very importantly, saw two EUV tool orders from Samsung and expects to complete its VPA with the company over the near-term, Muse tells investors in a post-earnings research note. He believes the company remains on track to reach its target model of EUR 9 in earnings power into the 2020 timeframe. Management suggesting consensus of 20 EUV shipments is the right estimate in 2018 may be viewed as a modest downtick versus the 24 shipment slots discussed earlier, but this is "just noise," the analyst writes. After rechecking with the company, he notes that management continues to believe they can build/ship 24 tools in 2018. The stock in afternoon trading is down 3% to $126.60.

Grupo Santander analyst Carlos Trevino downgraded ASML to Underperform from Neutral with a EUR 635 price target.

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here

Unusual total active option classes on open include: Steel Dynamics (STLD), Gildan Activewear (GIL), Danaher (DHR), Altimeter Growth (GRAB), Childrens Place (PLCE), ASML (ASML), US Bancorp (USB), iShares Barclays 7 to 10 Year Treasury Bond Fund (IEF), AMC Entertainment (AMC), and Abbott (ABT).

Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - Alcoa (AA)... To see the rest of the story go to thefly.com. See Story Here

"We expect second-quarter total net sales between EUR 5.7 billion and EUR 6.2 billion with a gross margin between 50% and 51%. ASML expects R&D costs of around EUR 1,070 million and SG&A costs of around EUR 295 million. Our outlook for the full year 2024 is unchanged, with the second half of the year expected to be stronger than the first half, in line with the industry's continued recovery from the downturn. We see 2024 as a transition year with continued investments in both capacity ramp and technology, to be ready for the turn in the cycle," said ASML president and CEO Peter Wennink.