Cognex Increases Quarterly Cash Dividend
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Needham & Company Raises price Target on Cognex Corp (CGNX) Following Solid 1Q and Guidance
May 3, 2016 7:49 AM EDTNeedham & Company reiterated a Buy rating on Cognex Corp (NASDAQ: CGNX), and raised the price target to $42.00 (from $40.00), following the company's 1Q earnings report. Revenue was reported at $96.2M, above prior guidance of $91M- $94M and consensus $93M, benefiting from stronger demand from the logistics market. Management... More
