1052 GMT - ASML's order book is likely full for calendar year 2027, Bank of America analysts write. The Dutch manufacturer of semiconductor-making equipment is set to provide an outlook for orders when it reports second-quarter earnings on July 15. Higher uptake of ASML's most advanced lithography machines will allow the company to take a greater share of clients' spending, while manufacturing efficiencies will increase profit margins, the analysts say. Slow progress for Chinese competitors also bodes well for ASML, they say. The analysts increase their price target for the stock to 2,022 euros. Shares rise 1.9% to 1,698.4 euros. (josephmichael.stonor@wsj.com)
(END) Dow Jones Newswires
June 22, 2026 06:52 ET (10:52 GMT)
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