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ASML jumps 2.5% on a valuation upgrade from Merrill, saying the shares are trading between 7-9X...

ASML jumps 2.5% on a valuation upgrade from Merrill, saying the shares are trading between 7-9X earnings, and that's "too cheap to ignore." The stock's down 21% since April, vs. an 11% decline for the Semiconductor ETF: SMH.
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