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Fly News Breaks for February 13, 2017
UTEK, VECO
Feb 13, 2017 | 09:20 EDT
Needham analyst Y. Edwin Mok expects Veeco to provide Q1 guidance above the Street's model in the Q4 report this week. While the company already pre-announced upside to Q4 EPS and reported solid bookings, the analyst believes data embedded within the presentation for the recently announced Ultratech (UTEK) acquisition points to a solid PSP business and accelerating revenue of the MOCVD business. He reiterates a Buy rating and $30 price target on Veeco's shares.
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