Bernstein analyst Sara Russo lowered the firm’s price target on ASML to $1,052 from $1,072 and keeps an Outperform rating on the shares. The analyst continues to believe in upside for ASML from the flat sales guidance for the full year, but expects the Q1 report is “likely to exemplify the transition year sentiment that has prevailed for 2024.” The firm thinks any upgrade to guidance would be more likely to come further into the year.
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