Deutsche Bank Upgrades Veeco Instruments Inc. (VECO) to Buy; MOCVD Green-Shoots Emerging
Get Alerts VECO Hot Sheet
Price: $34.46 --0%
Rating Summary:
17 Buy, 9 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 7 | Down: 8 | New: 10
Rating Summary:
17 Buy, 9 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 7 | Down: 8 | New: 10
Join SI Premium – FREE
Deutsche Bank upgraded Veeco Instruments Inc. (NASDAQ: VECO) to Buy with a price target of $40.00.
Deutsche analyst said, "Based on early indications of a recovery in the LED industry demand, we upgrade VECO and AIXA (Nasdaq: AIXG)to Buy. We expect Q1’12 to be the trough bookings quarter for MOCVD equipment suppliers and expect positive share price momentum to continue as the order visibility improves. Checks also indicate positive China momentum post Chinese New Year (recall that Cree (Nasdaq: CREE) guidance was dependent on demand post Chinese New Year)."
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 $29.98 yesterday.
Deutsche analyst said, "Based on early indications of a recovery in the LED industry demand, we upgrade VECO and AIXA (Nasdaq: AIXG)to Buy. We expect Q1’12 to be the trough bookings quarter for MOCVD equipment suppliers and expect positive share price momentum to continue as the order visibility improves. Checks also indicate positive China momentum post Chinese New Year (recall that Cree (Nasdaq: CREE) guidance was dependent on demand post Chinese New Year)."
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 $29.98 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Deutsche Bank Upgrades Medical Properties Trust (MPW) to Hold, 'Debt Maturity Likely Resolved Until At Least 2025'
- Mizuho Upgrades Linde (LIN) to Buy citing recent pullback
- JPMorgan Upgrades JetBlue Airways (JBLU) to Neutral, 'second least-liked airline based on sellside rating'
Create E-mail Alert Related Categories
UpgradesRelated Entities
Deutsche BankSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!