Morgan Stanley cuts Shake Shack stock rating on guidance misses

TL;DR

Morgan Stanley cuts Shake Shack stock rating on guidance misses Morgan Stanley upgrades Yum. Brands stock rating on growth outlook Morgan Stanley downgrades Chipotle stock rating on growth outlook Morgan Stanley's Weaver Sees Continued AI-Driven Equity Momentum JP Morgan has concluded that consensus earnings estimates for ASML Holding NV (NASDAQ:ASML, XETRA:ASME), the Dutch semiconductor equipment maker that holds a global monopoly on extreme ultraviolet (EUV) lithography machines used to manufacture advanced chips, are materially too low and require significant upgrades for 2027 and 2028. The bank's reassessment follows a shift in ASML's own messaging, which has moved from guiding cautiously on unit volumes to signalling that its manufacturing capacity is more flexible than previously communicated.