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Fly News Breaks for February 10, 2017
UTEK, VECO
Feb 10, 2017 | 07:48 EDT
BofA/Merrill analyst Krish Sanker upgraded Veeco (VECO) to Buy with a $32 price target. The analyst views the acquisition of Ultratech (UTEK) as strategically favorable given it diversifies Veeco away from MOCVD/LED and into semiconductors and the deal is accretive to earnings.
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