Zacks Investment Research downgraded shares of VEECO INSTRS-DE (VECO) from NEUTRAL to UNDERPERFORM on October 18, 2012, with a target price of $28.60.
VEECO INSTRUMENTS INC. (DE) designs, manufactures, markets and services a broad line of precision beam etching and surface measurement systems used in the manufacture of microelectronic products. It sells its products worldwide to many of the leading semiconductor and data storage manufacturers. In addition, it sells its products to companies in the flat panel display and high frequency device industries, as well as to other industries, research and development centers and universities.
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