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Fly News Breaks for March 15, 2017
CGNX
Mar 15, 2017 | 07:47 EDT
Needham analyst James Ricchiuti downgraded Cognex to Hold from Buy as upside potential may not be enough. While the analyst can see a scenario where growth in 2017 could be solidly above Street estimates, reflecting strong growth in the consumer electronics and broader factory automation businesses, he expects comparisons to get more challenging in Q4 and 2018.
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