Analyst Upgrades Chip Supplier After Underperformance
UBS Securities just upgraded Netherlands-based semiconductor equipment stock ASML Holding NV (NASDAQ:ASML) to "buy," with a price-target hike to €750 from €660, citing potential upside after the stock's recent underperformance. In response, the shares were last seen up 1.8% at $767, heading for their third-straight daily win. The stock has yet to make it back to pre-earnings levels after its July 16 earnings bear gap of 8.3%, while today's peak was met by overhead resistance at the 320-day moving average, w ...