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Fly News Breaks for September 4, 2018
ASML
Sep 4, 2018 | 08:59 EDT
Susquehanna analyst Mehdi Hosseini lowered his estimates on ASML to reflect the consolidating landscape. He lowered his EUV shipment forecast for 2019-2020 but still believes in the company's long-term growth prospects, although he said the lower EV shipment could lead to some near-term volatility. Hosseini believes its November analyst day will be a catalyst and he reiterated his Positive rating and $240 price target on ASML shares.
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