Piper Jaffray Remains Neutral On VECO

Analysts at Piper Jaffray maintained its Neutral rating on shares of Veeco Instruments (

), along with its $40 price target. In its report, Piper Jaffray notes, "Our outlook on the Company's business remains intact as we are cautious on equipment order momentum in the second half of 2010, thus we stay on the sidelines." Veeco Instruments Inc. designs, manufactures, and markets solutions for customers in the high brightness light emitting diode (HB LED), solar, data storage, scientific research, semiconductor, and industrial market.