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Fly News Breaks for November 3, 2015
CGNX
Nov 3, 2015 | 07:26 EDT
CLSA downgraded Cognex to Outperform from Buy and lowered its price target to $39 from $50 on shares citing weaker than expected guidance. Analyst Jeremie Capron said large projects in consumer electronics and logistics are unlikely to return until before 2Q 2016 and weaker industrial markets, led to a reduction in estimates.
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