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Fly News Breaks for June 19, 2019
ASML
Jun 19, 2019 | 16:18 EDT
Wells Fargo analyst Joe Quatrochi initiated ASML with an Outperform rating and a $230 price target. Quatrochi cited ASML's position as sole provider of extreme ultravioet, or EUV, lithography technology, potential gross margin upside drivers looking to next year as EUV adoption and related services increase ramp ups, and the company's installed base management business, which the analyst believes could be underappreciated.
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