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Fly News Breaks for November 18, 2015
CGNX
Nov 18, 2015 | 06:19 EDT
Canaccord upgraded Cognex to Buy and increased its price target to $42 from $33 on shares. Analyst Bobby Burleson believes a resumption in large orders will occur 2016, leading to positive revisions in Q2 as logistics and consumer electronics projects resume following 2015 delays. Burleson said valuation appears attractive, indicating a solid point of entry.
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