Oppenheimer analyst Rick Schafer lowered the firm’s price target on Veeco (VECO) to $45 from $50 to reflect group multiple compression, while keeping an Outperform rating on the shares ahead of quarterly results. The firm sees in-line Q3 results and Q4 outlook.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on VECO: