Kaufman Bros. Downgrades Veeco Instruments Inc. (VECO) to Hold; Demand Uncertainty; Stock Movement Forces Move to Sidelines

Kaufman Bros. downgraded Veeco Instruments Inc. (NASDAQ: VECO) from Buy to Hold, price target lowered from $34 to $25.

Kaufman analyst said, "Overcapacity and slower than anticipated LED demand likely to slow tool orders...Currency movements could impact pricing for VECO."

For an analyst ratings summary and ratings history on Veeco Instruments Inc. click here. For more ratings news on Veeco Instruments Inc. click here.

Shares of Veeco Instruments Inc. closed at $25.13 yesterday.

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