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Fly News Breaks for April 3, 2018
Apr 3, 2018 | 04:55 EDT
JPMorgan analyst Paul Coster upgraded Cognex to Neutral with an unchanged price target of $62.50. The analyst believes the current valuation is justified by growth expectations for fiscal 2018 and recommends those short take profits following the recent pullback. He made no change to his estimates for Cognex.
News For CGNX From the Last 2 Days
Oct 16, 2018 | 10:23 EDT
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Symantec (SYMC) upgraded to Market Perform from Underperform at Cowen with analyst Gregg Moskowitz saying he believes the company continues to face fundamental challenges, though he sees downside risk as very limited at current levels. 2. Las Vegas Sands (LVS) upgraded to Buy from Hold at HSBC. 3. Cognex (CGNX) upgraded to Buy from Hold at Needham with analyst James Ricchiuti saying 2019 should produce a better outcome thanks to Cognex's "robust growth in logistics, emerging 3D machine vision and deep learning technologies." 4. Tapestry (TPR) upgraded to Buy from Hold at Needham with analyst Rick Patel saying after a 14% sell-off in the stock price driven by tariff-related concerns and the slowdown of Asia sales at LVMH (LVMUY), the risk-reward is favorable. 5. Cracker Barrel (CBRL) upgraded to Outperform from Market Perform at Telsey Advisory. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.