Canaccord Adams Reiterates a 'Buy' on Veeco Instruments (VECO); Raises PT & Estimates
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Canaccord Adams reiterates a 'Buy' on Veeco Instruments (Nasdaq: VECO), price target $35.
Canaccord analyst says, "We reiterate our BUY rating and have raised our price target to $35 from a previous $21, which is based off of a 25x multiple to our new 2010 pro-forma EPS estimate. We have raised our 2010 revenue forecast to $536.0M with fully-taxed pf EPS of $1.38 from a prior $424.1M and $0.85."
To see more analyst ratings on VECO Click Here.
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