Goldman Sachs Maintains Neutral Rating for Veeco Instruments: Here's What You Need To Know

Goldman Sachs has decided to maintain its Neutral rating of Veeco Instruments VECO and raise its price target from $28.00 to $31.00.

Shares of Veeco Instruments are trading up 3.79% over the last 24 hours, at $31.23 per share.

A move to $31.00 would account for a 0.74% decline from the current share price.

About Veeco Instruments

Veeco Instruments Inc is a United States-based company that is principally engaged in designing, developing, and manufacturing thin-film process equipment, which is mainly used to produce electronic devices. The company's product categories by market consist of lighting, display, and power electronics; advanced packaging; MEMS and RF; scientific and industrial; and data storage. The lighting, display, and power electronics market accounts for over half of the total revenue. The company offers products and services in the United States; China; Europe, the Middle East, and Africa, or EMEA; and the rest of the world, with overseas markets contributing the majority of total revenue.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.