UPDATE - Barclays Upgrades Veeco Instruments (VECO) to Overweight; More Attractive Risk/Reward Playing Out
Tweet
Share
E-mailGet Alerts VECO Hot Sheet
Price: $47.86 +1.40%
Rating Summary:
14 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
14 Buy, 11 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Join SI Premium – FREE
UPDATE - Barclays upgrades Veeco Instruments (Nasdaq: VECO) from Equalweight to Overweight. PT raised from $34 to $45.
Analyst, Olga Levinzon, said, "With MOCVD orders appearing to have reached a trough, investor focus is quickly turning to the likely pace of the recovery. We believe Veeco shares offer attractive risk/reward into a gradual but more robust cyclical upturn beginning in 2H12, further enhanced by anticipated share gains."
Levinzon maintains FY12 rev/EPS at $548mln/$1.60, but raises FY13 to $641mln/$2.15
To see more ratings on VECO, Click Here
Analyst, Olga Levinzon, said, "With MOCVD orders appearing to have reached a trough, investor focus is quickly turning to the likely pace of the recovery. We believe Veeco shares offer attractive risk/reward into a gradual but more robust cyclical upturn beginning in 2H12, further enhanced by anticipated share gains."
Levinzon maintains FY12 rev/EPS at $548mln/$1.60, but raises FY13 to $641mln/$2.15
To see more ratings on VECO, Click Here
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Stella International Holdings (1836:HK) (SLNLF) PT Lowered to HK$10 at Macquarie
- Palmer Square Capital BDC (PSBD) PT Lowered to $10.25 at BofA Securities
- Rockwell Automation (ROK) PT Lowered to $490 at DA Davidson
Create E-mail Alert Related Categories
Analyst EPS Change, Analyst PT Change, UpgradesRelated Entities
BarclaysSign 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!
