BofA lowered the firm’s price target on ASML (ASML) to EUR 759 from EUR 859 and keeps a Buy rating on the shares. The firm said it cut its target on tariff risks, noting that while ASML has not experienced any change in demand or customer pushouts, it acknowledges the uncertainty that the current tariff environment produces for the macro environment and has thus provided a wider gross margin range of 50%-53% for Q2. BofA added that it is making minimal changes to its earnings estimates following the company’s quarterly report.
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