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Tech Geek | 2 months ago (raw) | export | reply | flag +1 
 Morgan Stanley on Friday downgraded earnings estimates for computer chip equipment maker ASML, the latest brokerage to do so following weakness in the memory chip market and concerns over demand from Chinese chipmakers and Intel.
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santriwati | 2 months ago (raw) | root | parent | reply | flag 
 This decision follows a significant decline in ASML's share price, which dropped 30% during July and August. As part of this downgrade, Morgan Stanley also adjusted ASML's stock rating from Overweight to Equal-weight.The downgrade reflects concerns over earnings growth challenges anticipated for 2025-2026, prompting a reduction in the price target for ASML's shares from 925 to 800