Piper Jaffray Downgrades Veeco Instruments Inc. (VECO) to Neutral, Cuts Price Target to $30

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October 11, 2011 7:33 AM EDT
Get Alerts VECO Hot Sheet
Price: $52.40 -2.2%

Rating Summary:
    14 Buy, 11 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Piper Jaffray downgraded shares of Veeco Instruments Inc. (NASDAQ: VECO) to a Neutral rating from its previous rating of Overweight. The firm also cut its price target from $62 to $30.

For more ratings news on Veeco Instruments Inc. click here and for the rating history of Veeco Instruments Inc. click here.

Shares of Veeco Instruments Inc. closed at $27.42 yesterday.

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