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Fly News Breaks for May 5, 2015
VECO
May 5, 2015 | 07:52 EDT
As previously reported, CLSA downgraded Veeco to Outperform from Buy and lowered its price target to $35 from $40. The firm lowered estimates due to the "tepid" MOCVD recovery but said downside is limited and upside to its $35 target will require a more meaningful recovery in demand.
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