Veeco Reports Second Quarter 2018 Financial Results

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Veeco Instruments Inc. (VECO) PT Lowered to $20 at Needham & Company

August 2, 2018 1:38 PM EDT

Needham & Company lowered its price target on Veeco Instruments Inc. (NASDAQ: VECO) to $20.00 (from $22.00) while maintaining a Buy rating.

Analyst Y. Edwin Mok commented, "VECO delivered a mixed 2Q18 report with substantially weaker than expected 3Q18 guidance as VECO faces reduced market... More