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BofA Securities Reaffirms Buy Rating on ASML, Citing Overreaction to Selloff and Minor China DUV Impact
BofA Securities has reiterated its Buy rating and price target on ASML, stating that the recent selloff was an overreaction. The bank estimates that a shift by China to domestic DUV tools would only reduce ASML's next year's sales by approximately €1.4 billion (2.4%), emphasizing ASML's unmatched EUV leadership and viewing its current valuation as an attractive buying opportunity.
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