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Fly News Breaks for August 4, 2017
VECO
Aug 4, 2017 | 09:07 EDT
Deutsche Bank analyst Vishal Shah downgraded Veeco Instruments to Hold and cut his price target for the shares to $30 from $35 citing signs of increasing competition following the Q2 results. While the MOCVD market remains strong, Veeco spoke of increasing competition in China and also highlighted temporary pause in advanced packaging market, Shah tells investors in a post-earnings research note.
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