Veeco price target raised to $25 from $20 at Barclays

Barclays analyst Tom O’Malley raised the firm’s price target on Veeco to $25 from $20 and keeps an Equal Weight rating on the shares. The analyst sees another mixed earnings season for semiconductors, with a few areas such as autos “holding in but most end markets on the margin weaker.” The firm says artificial intelligence is the “one bright spot.”