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Wall Street is turning less bullish on tech darling ASML for several reasons

By CNBC   |   Sep 8, 2024 at 07:35 PM EST
Wall Street is turning less bullish on tech darling ASML for several reasons

Analysts at major Wall Street banks are becoming more cautious on ASML, a critical chip equipment maker, due to concerns about its demand outlook. UBS downgraded ASML to "neutral" and cut its price target, citing a potential slowdown in demand.

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