Kaufman Bros. Reiterates an 'Buy' on Veeco Instruments (VECO); At Some Point, Valuation Matters
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Price: $52.40 -2.2%
Rating Summary:
14 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
14 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Kaufman Bros. reiterates an 'Buy' on Veeco Instruments Inc. (NASDAQ: VECO) price target cut from $40 to $33.
Kaufman analyst says, "Adjusting price target to $33 from $40 (10.0x our new 2012 non-GAAP EPS estimate of $3.30)...Cash position provides a safety net in a period of demand weakness...Remain positive on the company's market position and execution capabilities."
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 $26.04 yesterday.
Kaufman analyst says, "Adjusting price target to $33 from $40 (10.0x our new 2012 non-GAAP EPS estimate of $3.30)...Cash position provides a safety net in a period of demand weakness...Remain positive on the company's market position and execution capabilities."
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 $26.04 yesterday.
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