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Fly News Breaks for September 23, 2019
CGNX
Sep 23, 2019 | 07:20 EDT
Cowen analyst Joseph Giordano raised his price target on Cognex to $60 from $50 following its Investor Day. The analyst said the near-term outlook for large consumer electronics auto markets remains tempered, but he believe investors are willing to look through that commentary and pay for signs of sequential stability. He also said the capability moat versus its competition is widening. Giordano reiterated his Outperform rating on Cognex shares.
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