Why Europe’s most important semiconductor stock was downgraded - MarketWatch
1. Jefferies predicts a 2% sales decline for ASML next year. 2. Analysts lowered ASML's target price to €690, significantly below market average. 3. Expectations for DRAM wafer equipment spend to decline by 16% in 2026. 4. Potential sales weakness in China due to U.S. restrictions on equipment. 5. Jefferies downgraded ASML's stock recommendation to hold.