Barclays raised the firm’s price target on Cognex (CGNX) to $56 from $55 and keeps an Overweight rating on the shares post the Q3 report. The firm says the company’s Q4 outlook did not meet high expectations, which provides a buying opportunity.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CGNX: