BofA Global Research Cuts ASML Price Target to €2,507 from €2,557

A €50 trim with no stated rating or rationale offers little signal about the underlying thesis, which makes the revision more notable for what it omits than for its size. What matters is whether this is an isolated adjustment or part of a broader reset in semiconductor-equipment coverage, since ASML sits at the center of the lithography supply chain that RWA and AI-infrastructure narratives increasingly depend on. The open question is whether other houses follow with similar small cuts, which would suggest a shared reassessment rather than a single analyst's housekeeping.