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Fly News Breaks for November 2, 2016
VECO
Nov 2, 2016 | 09:15 EDT
Pacific Crest analyst Daniel Baksht believes that Veeco is executing well as it wins new orders from LED chip manufacturers for additional capacity. The analyst thinks the company has leverage in its model and is one of the fastest growing equipment companies. He raised his price target on the stock to $26 from $24 and keeps an Overweight rating.
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