ASML downgraded to Hold from Buy at KBC Securities

KBC Securities analyst Thibault Leneeuw downgraded ASML to Hold from Buy with a price target of EUR 570. The analyst says the shares are trading close to fair value following the recent rally. Thibault sees limited upside to current share levels, noting ASML is trading at a premium relative to its historical valuation levels.

Published first on TheFly

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