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Fly News Breaks for June 13, 2018
ASML
Jun 13, 2018 | 07:17 EDT
As reported earlier, RBC Capital analyst Mitch Steves upgraded ASML to Outperform from Sector Perform and raised his price target to $235 from $218. The analyst cites his positive view of the company's EUV lithography system deployment in 2019, adding that its operating margins will also likely be safe despite the higher related spending. Steves further notes that ASML has a "line of sight to 40+ EUV units in 2020".
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