Veeco (VECO -5.7%) slumps after Deutsche downgrades to Hold and sets a $38 PT. The firm believes...

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

Veeco (VECO -5.7%) slumps after Deutsche downgrades to Hold and sets a $38 PT. The firm believes expectations of modest 2013 improvement in MOCVD equipment sales to LED and solar manufacturers are now baked in, and is also worried an expected 2H bookings recovery could get pushed out by a quarter or two. GT Advanced Tech (GTAT -2.6%) could be falling in sympathy.