LED equipment makers Veeco (VECO -1.8%) and Aixtron (AIXG -5.2%) slump after JPMorgan's Paul...

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

LED equipment makers Veeco (VECO -1.8%) and Aixtron (AIXG -5.2%) slump after JPMorgan's Paul Coster lowers Veeco to Neutral. Coster, who's lowering his 2013 EPS forecast, is worried about weak near-term sales for MOCVD reactors from LED makers thanks to overcapacity - Veeco raised the issue on Feb. 8. LED chip/lighting giant Cree (CREE -0.3%) has been downgraded to Perform by Oppenheimer on valuation grounds - shares now trade at 27x FY14E EPS - but is only off slightly.