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Fly News Breaks for February 17, 2017
CGNX
Feb 17, 2017 | 07:57 EDT
Cowen analyst Joseph Giordano raised his price target on Cognex to $90 from $75 following its "blowout" Q4 results. The analyst cited its strong guidance and its pace of growth, which is expected to continue over the next few years. Giordano said Cognex remains his favorite way to play structurally bullish trends in automation and e-commerce growth and reiterated his Outperform rating on the shares.
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