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Tuesday, November 03, 2009
ASML Holding Upgraded To Buy At Nomura
By Barbara Kollmeyer
MarketWatch Pulse
MADRID -- Dutch semiconductor-equipment group ASML Holding was upgraded to buy from hold on Tuesday at Nomura, which cited evidence of a firm capital expenditure outlook and noted a recent stockprice correction. The investment bank predicted possible strong flash orders at the start of next year, which it said could trigger a string of consensus upgrades. ASML trades at a discount to the overall market, on a price/earnings basis excluding cash, said Nomura.
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