Cognex price target raised to $37 from $27 at Truist

Truist analyst Jamie Cook raised the firm’s price target on Cognex (CGNX) to $37 from $27 and keeps a Hold rating on the shares after its Q2 earnings beat. The quarter and guidance reflect greater confidence that the markets have inflected positively, with four consecutive quarters of positive organic growth, the analyst tells investors in a research note.