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Fly News Breaks for June 14, 2017
ASML
Jun 14, 2017 | 06:40 EDT
Citi analyst Amit Harchandani upgraded ASML to Buy and raised his price target for the shares to EUR 135 from EUR 129. The valuation, with the stock underperforming semi peers year-to-date, has "turned supportive again," Harchandani tells investors in a research note. The analyst notes his January downgrade to Neutral was based on valuation. Harchandani continues to have a constructive outlook for WFE spending.
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