Reveries or cherished aspirations (6)
I believe the answer is:
dreams
I believe this clue is a double definition.
'reveries' is the first definition.
(I've seen this in another clue)
'cherished aspirations' is the second definition.
(I've seen this before)
(Other definitions for dreams that I've seen before include "'''We are such stuff as ... are made on'' The Tempest (6)'" , "Fancies" , "'We are such stuff / As dreams are made on' (The Tempest)" , "Fantasy ambitions" , "Reveries or cherished aspirations" .)