Truist Securities Reiterates Buy on Cognex, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jamie Cook has reiterated a Buy rating on Cognex (NASDAQ:CGNX) and increased the price target from $47 to $50.
May 07, 2024 | 12:21 pm
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Truist Securities has reaffirmed its Buy rating on Cognex and raised the price target from $47 to $50.
The reiteration of a Buy rating combined with an increased price target typically signals a positive outlook on the stock from the analyst's perspective. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100