Needham Maintains Buy on Cognex, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Needham analyst James Ricchiuti maintains a 'Buy' rating on Cognex (NASDAQ:CGNX) but lowers the price target from $58 to $55.

August 04, 2023 | 2:03 pm
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Needham analyst maintains a 'Buy' rating on Cognex but lowers the price target from $58 to $55.
The news is directly related to Cognex. While the 'Buy' rating is maintained, the lowering of the price target might indicate a slightly less optimistic outlook for the company's stock in the short term. However, the impact on the stock price is uncertain as the rating is still 'Buy'.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100