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ASML (ASML +2.5%) rallies after receiving an upgrade to Buy from Deutsche's Kai Jorschelt, who...

ASML (ASML +2.5%) rallies after receiving an upgrade to Buy from Deutsche's Kai Jorschelt, who says his firm's re-assessment of the Cymer (CYMI +2%) acquisition "suggests material benefits to ASML such as accelerating EUV progress" and 200-1000bps gross margin improvements for photolithography tools (depending on type). Korschelt also thinks EUV lithography adoption (previous) could yield 2016 EPS of €9 ($11.80). ASML moved higher yesterday following a Q1 EPS beat.
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