VECO Crosses Above Average Analyst Target
April 25, 2017 at 09:14 AM EDT
In recent trading, shares of Veeco Instruments Inc (VECO) have crossed above the average analyst 12-month target price of $31.31, changing hands for $32.00/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..