Veeco Instruments (VECO) Tops Q3 EPS by 3c, Revenues Miss; Offers Q4 EPS/Revenue Below Consensus

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Go back to Veeco Instruments (VECO) Tops Q3 EPS by 3c, Revenues Miss; Offers Q4 EPS/Revenue Below Consensus

Veeco Instruments Inc. (VECO) PT Lowered to $11 at Northland Capital Markets

November 1, 2018 12:51 PM EDT

Northland Capital Markets analyst Gus Richard lowered the price target on Veeco Instruments Inc. (NASDAQ: VECO) to $11.00 (from $15.00) while maintaining an Outperform rating following mixed results and lower guidance.

While guidance was "ugly', the analyst believes the new CEO is, over time, turning around the company.

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