Veeco price target raised to $34 from $32 at Benchmark

Benchmark analyst Mark Miller raised the firm’s price target on Veeco to $34 from $32 and keeps a Buy rating on the shares after the company posted upside earnings as its results were boosted by higher margins and higher than anticipated sales. The firm forecasts non-GAAP earnings growing 13% year-over-year to $1.82 per diluted share in 2024.