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Tuesday, 04/26/2011 10:40:08 AM

Tuesday, April 26, 2011 10:40:08 AM

Post# of 68
Sterne Agee is out with its report today on Veeco Instruments (NASDAQ: VECO), raising its PT from $52 to $56.

In a note to clients, Sterne Agee writes, "We are sticking with the Buy rating based on valuation. Excluding more than $16.00 in net cash per share, the stock is trading at 6X our new 2011 EPS estimate of $5.55 (up from $5.17). Our new target price is $56, or 10X our calendar 2011 EPS estimate of $5.55. Maintain Buy."


Source: http://www.benzinga.com/analyst-ratings/analyst-color/11/04/1032228/update-sterne-agee-raises-pt-on-veeco-instruments-to-56-#ixzz1Kdkrc2nG
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