Deutsche Bank Lowers Estimates on LED Lighting Companies

In its report, Deutsche Bank writes, “Following recent checks, we are reducing our estimates on VECO and AIXG. CREE is somewhat better positioned compared to LED equipment companies although acknowledge limited near term catalysts with potential risk around Q3 earnings”.

Companies included in the Deutsche bank report are: Veeco Instuments (NASDAQ: VECO), Aixtron (NASDAQ: AIXG), and Cree (NASDAQ: CREE)

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