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Veeco price target lowered to $30 from $39 at Northland

Northland analyst Gus Richard lowered the firm’s price target on Veeco (VECO) to $30 from $39 and keeps an Outperform rating on the shares. Veeco reported an in-line quarter but guided Q1 and calendar year 2025 down, notes the analyst, who believes most of the company’s evaluations are successful, but will not contribute to earnings until 2026.

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