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Fly News Breaks for January 23, 2020
ASML
Jan 23, 2020 | 08:52 EDT
RBC Capital analyst Mitch Steves raised his price target on ASML to $320 and kept his Outperform rating after its "solid" Q4 results. The analyst is rolling forward his estimates and sees "no change" to his fundamental thesis of EUV lithography machine shipment growth amid a NAND memory recovery, adding that he was also "pleased" to see the ramp in services revenue.
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