Stephens & Co. Maintains Equal-Weight on Cognex, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Tommy Moll maintains an Equal-Weight rating on Cognex (NASDAQ:CGNX) and lowers the price target from $55 to $40.
November 02, 2023 | 2:23 pm
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NEGATIVE IMPACT
Cognex's price target has been lowered from $55 to $40 by Stephens & Co., while maintaining an Equal-Weight rating.
The lowering of the price target by Stephens & Co. indicates a less optimistic outlook for Cognex's stock in the short term. This could potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100