Raymond James Maintains Strong Buy on Cognex, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian Gesuale maintains a Strong Buy rating on Cognex (NASDAQ:CGNX) but lowers the price target from $65 to $60.
November 06, 2023 | 12:44 pm
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NEUTRAL IMPACT
Raymond James maintains a Strong Buy rating on Cognex but lowers the price target from $65 to $60.
The news is directly about Cognex and is likely to influence investor sentiment. While the Strong Buy rating is positive, the lowering of the price target might create some uncertainty. However, the overall impact is neutral as the lowered price target is still in line with a strong buy recommendation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100