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Fly News Breaks for June 23, 2017
ASML
Jun 23, 2017 | 09:20 EDT
BofA/Merrill analyst Adithya Metuku says that ASML 's next generation technology, EUV "will underpin the disruptive themes of the next 5-10 years." The analyst says that the shares are undervalued and will rise by more than 50% by 2020 in his base case scenario. Metuku predicts that strong Chinese demand for lithography equipment could enable the stock to double by 2020. Finally, the analyst says that the company could soon receive an EUV order from Samsung. The analyst raised his price target on the shares to EUR165 from EUR140 and keeps a Buy rating on the stock.
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