(CercleFinance.com) – The ASML share posted the third largest rise in the AEX index on Thursday on the Amsterdam Stock Exchange following an initiation to buying by analysts at Jefferies.
In a sector note, the American broker explains that it expects a slowdown in the activity of European semiconductor manufacturers over the period 2022/2023 after their strong stock market performance since 2016.
Jefferies nevertheless thinks that the investments made by TSMC, Intel and Samsung in logical nodes will remain sustained during this deceleration phase, which should enable ASML’s activity to hold up well.
In this context, the broker begins monitoring the stock with a buy recommendation and a target price of 700 euros.
Shortly before 5:00 p.m., the action of the Dutch supplier for the semiconductor industry advanced by 0.4%.
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