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Fly News Breaks for February 23, 2016
VECO
Feb 23, 2016 | 07:01 EDT
Summit Research analyst Srini Sundararajan downgraded Veeco Instruments to Sell from Hold saying the company's results were "underwhelming" while its Q1 outlook is "dismal." LED oversupply persists, making MOCVD tools less in demand, Sundararajan tells investors in a post-earnings research note. The analyst has a $12 price target for the shares.
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