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Fly News Breaks for January 11, 2017
VECO
Jan 11, 2017 | 07:17 EDT
Goldman analyst Brian Lee said Veeco announced released preliminary Q4 revenue and non-GAAP earnings results inline with his estimates and announced a $200M convertible debt offering. Lee said the offering provides flexibility for the company to engage in M&A, buybacks, and fund organic growth. The analyst rates Veeco a Neutral and maintained his $24 price target.
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