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Fly News Breaks for May 2, 2017
CGNX
May 2, 2017 | 08:42 EDT
Cowen analyst Joseph Giordano said Cognex Q1 results beat the high end of guidance and Q2 should beat as well. He said any weakness on confusion about the headline guidance should be bought aggressively and he reiterated Cognex as a top pick. Giordano has an Outperform rating and raised his price target to $100 from $90 on Cognex shares.
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