Veeco price target lowered to $31 from $38 at Benchmark

Benchmark analyst Mark Miller lowered the firm’s price target on Veeco (VECO) to $31 from $38 and keeps a Buy rating on the shares. Veeco reported Q4 results within guidance and guided lower results for Q1 with similar sales expected in Q2, notes the analyst, who now sees 2025 non-GAAP EPS of $1.52.