Canaccord Genuity Reiterates a 'Sell' on Veeco Instruments (VECO); Analysis of HDD Market: Temporary Boost, but No Change in L-T Thesis

Canaccord Genuity reiterates a 'Sell' on Veeco Instruments (NASDAQ: VECO) price target of $14.00.

Canaccord analyst, Jonathan Dorsheimer, "After performing a more detailed analysis on the HDD market and the effects of the Thailand flooding specifically, we conclude that Veeco will benefit from the rebuilding efforts but not enough to offset the difficult scenarios we have predicted within the 2012-2013 MOCVD market."

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

Shares of Veeco Instruments closed at $25.53 yesterday.

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