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 .

Shares of (ASML) are falling as Morgan Stanley became the latest bank to downgrade earnings estimates for the chip company. Deutsche Bank and UBS both previously downgraded estimates, citing growth concerns for the broader chip market and increased competition from both Intel (INTC) and Chinese manufacturers.

Morgan Stanley analysts reduced their rating on ASML Holding (AS: ASML) shares from Overweight to Equal-weight, and cut the price target from €925 to €800, citing “late-cycl

Shares of ASML Holding NV (AS:ASML) slid on Thursday after Morgan Stanley removed the stock from its prestigious "Top Pick" list for European semiconductors. At 5:42 am (0942 GMT), ASML was trading 1.