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Rating: ASML

Asml Holding N.v. (NASDAQ: ASML) downgraded to Neutral by HSBC Securities

Thursday,  Oct 17, 2013  8:25 AM ET by Lynn Gilbert

HSBC Securities downgraded Asml Holding N.v. (NASDAQ: ASML) to Neutral. Previously,
HSBC Securities rated Asml Holding N.v. (NASDAQ: ASML) to Overweight on 04/25/2013, when the stock price was valued at $74.88.

ASML is a world leader in the manufacture of advanced technology systems for the semiconductor industry. The company offers an integrated portfolio for manufacturing complex integrated circuits. ASML designs, develops, integrates, markets and services advanced systems used by customers the major global semiconductor manufacturers to create chips that power a wide array of electronic, communications and information technology products.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.

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