Zacks lowered shares of Veeco Instruments (NASDAQ: VECO) from a neutral rating to an underperform rating in a research report released on Wednesday morning. Zacks currently has $28.70 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG downgraded shares of Veeco Instruments to a neutral rating in a research note to investors on Monday. Finally, analysts at Piper Jaffray downgraded shares of Veeco Instruments from an overweight rating to a neutral rating in a research note to investors on Tuesday, January 15th. They now have a $27.00 price target on the stock, down previously from $43.00.
Three equities research analysts have rated the stock with a buy rating, eleven have issued a hold rating, one has assigned an underweight rating, and four have given a sell rating to the company. The stock presently has an average rating of hold and an average target price of $30.25.
Shares of Veeco Instruments opened at 30.35 on Wednesday. Veeco Instruments has a one year low of $26.15 and a one year high of $38.39. The stock’s 50-day moving average is currently $31.05. The company has a market cap of $1.171 billion and a P/E ratio of 19.02.
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