Cognex Corp (CGNX) Tops Q4 EPS by 4c

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Cognex (CGNX) PT Lifted to $55 at Canaccord Genuity on 'Solid' Q4

February 13, 2015 8:51 AM EST

Canaccord Genuity analyst Bobby Burleson reiterated a Buy rating and boosted his price target on Cognex (NASDAQ: CGNX) to $55.00 (from $50.00) following the company's solid Q4 beat and Q1 revenue raise.

"While increasing operating expenses are a near-term headwind, managements expectation for positive leverage... More