UBS lowered the firm’s price target on Cognex (CGNX) to $53 from $56 and keeps a Buy rating on the shares. Cognex is well-positioned for the nearing automation capex wave, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CGNX: