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Fly News Breaks for July 30, 2019
CGNX
Jul 30, 2019 | 07:52 EDT
Cowen analyst Joseph Giordano said the weakness in Cognex shares following its lower Q3 guidance has created an attractive entry point for investors. The analyst believes key markets are likely closer to trough levels versus other industrials and management commentary felt pretty "washed out". Giordano reiterated his Outperform rating and $50 price target on Cognex shares.
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