Veeco (VECO +3.3%) rallies after UBS raises its estimates and PT, citing expansion plans from...

|About: Veeco Instruments Inc. (VECO)|By:, SA News Editor

Veeco (VECO +3.3%) rallies after UBS raises its estimates and PT, citing expansion plans from the company's top Chinese customer. The report might also be giving a lift to LED wafer vendor Rubicon (RBCN +3.3%). Veeco and rival Aixtron (AIXG -1.2%) sold off last month on a report the companies have drastically cut prices for LED manufacturing gear due to Chinese competition. Shares sold off more moderately in early May on a report the Shenzhen, China government is ending an LED manufacturing incentive plan.