Jefferies analyst Janardan Menon downgraded ASML (ASML) to Hold from Buy with a price target of EUR 690, up from EUR 660. The firm forecasts 2026 wafer fab equipment to decline 1%, versus consensus at positive double-digit growth. The analyst’s negative view arises from an “anti-consensus expectation” for a 16% fall in DRAM wafer fab equipment in 2026, and a further decline in China wafer fab equipment. Jefferies downgraded both ASML and ASM to Hold given this weaker outlook.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ASML:
- Roku upgraded, Sarepta downgraded: Wall Street’s top analyst calls
- ASML initiated with a Market Perform at Bernstein
- Why ASML is the Most Important Stock You’ve Never Owned
- Correction: ASML remains Outperform rated at Grupo Santander
- ASML downgraded to Underperform from Outperform at Grupo Santander