Barclays Maintains Equal-Weight on Veeco Instruments, Raises Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has maintained an Equal-Weight rating on Veeco Instruments (NASDAQ:VECO) and increased the price target from $28 to $33.
January 16, 2024 | 6:14 pm
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Barclays has maintained an Equal-Weight rating on Veeco Instruments but raised the price target from $28 to $33, indicating a positive outlook on the stock.
The increase in price target by Barclays reflects a positive sentiment towards Veeco Instruments' future performance. While the Equal-Weight rating suggests that the stock is adequately valued at its current price, the raised target implies that Barclays sees potential for the stock to grow. This could lead to increased investor confidence and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100