Morgan Stanley downgraded ASML Holding NV (NASDAQ: ASML) on September 20 by cutting the stock’s rating from Overweight to Equal-weight. The firm also revised its price target for ASML to €800 from €925,

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 .

Morgan Stanley analysts reduced their rating on ASML Holding (ASML) shares from Overweight to Equal-weight, and cut the price target from €925 to €800, citing “late-cycle dynamics” that could impact the company's earnings growth prospects in 2025 and 2026.