Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : ASML Holding NV -- Ignore unavailable to you. Want to Upgrade?

To: etchmeister who wrote (1361)	3/8/2007 10:26:08 AM
From: niek	Read Replies (1) \| Respond to of 43583

Morgan Stanley upgraded chip equipment sector Mar 8, 2007 NEW YORK (MarketWatch) -- Morgan Stanley upgraded the semiconductor equipment sector to attractive from in line, on the belief that fundamentals will progressively improve through 2008. Analyst Harlan Sur believes manufacturing utilizations will bottom in the first half of 2007, capital equipment orders will reach an inflection point during the second half of 2007 and that capital spending growth will be "robust" in 2008. "Consequently, we see a combination of earnings growth and multiple expansion driving more than 20% appreciation in the average semi cap stock over the next 12 to 18 months," Sur said in a research note. As part of the sector call, Sur upgraded Applied Materials to overweight from equal weight and raised the stock price target to $23 from $20, and raised KLA-Tencor's rating to overweight from equal weight and the price target to $65 from $60. He downgraded Cymer to underweight from equal weight, and cut the price target to $45 from $48, however, on uncertainty about the immersion opportunity going forward.