Barclays analyst Simon Coles upgraded ASML (ASML) to Overweight from Equal Weight with a price target of EUR 1,500, up from EUR 1,200. While expectations were high heading into the earnings report, ASML posted record orders which drives material upgrades to estimates, the analyst tells investors in a research note. The firm sees scope for further upside, saying ASML’s guidance appears conservative. Barclays sees “other positive scenarios ahead” for the shares.
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