ASML price target raised to EUR 1,900 from EUR 1,600 at UBS

UBS raised the firm’s price target on ASML (ASML) to EUR 1,900 from EUR 1,600 and keeps a Buy rating on the shares. ASML has a “unique position” in the European semiconductor group, the analyst tells investors in a research note. The firm says sustained growth in lithography capacity along with ASML’s memory and high North America exposure provide an attractive risk/reward at current share levels.