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ASML price target lowered to EUR 724 from EUR 755 at BofA

BofA lowered the firm’s price target on ASML (ASML) to EUR 724 from EUR 755 and keeps a Buy rating on the shares. The firm, which thinks a lack of details around semiconductor tariffs as well as a weakening China WFE demand are delaying ordering decisions, lowers its Q3 and Q4 booking estimates for ASML.

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