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UBS has lowered its price target for Cognex to $56 while maintaining a Buy rating, despite the stock's recent decline to $32.95. Analysts have noted challenges in the Automotive sector but highlighted growth in Logistics and a strong financial position, with expectations of earnings recovery over the next two years. Other firms have adjusted their targets, reflecting mixed market sentiments as Cognex navigates industry challenges.
UBS has lowered its target price for Cognex shares to $56 while maintaining a Buy rating, despite the stock's recent decline to $32.95. Analysts have mixed views, with Goldman Sachs cutting its target to $35 and Needham to $41, yet highlighting growth in Logistics. Cognex's strong balance sheet and consistent dividend payments underscore its resilience amid industry challenges.
UBS has lowered its price target for Cognex shares to $56 while maintaining a Buy rating, despite the stock's recent decline to $32.95. Analysts have downgraded earnings forecasts, but UBS remains optimistic about growth in logistics and consumer electronics, citing the company's strong financial position and minimal debt. Other firms have varied in their ratings, with Goldman Sachs setting a target of $35 and Needham lowering theirs to $41, while Cantor Fitzgerald initiated coverage with an Overweight rating at $49, highlighting improved demand in key sectors.
Damian Karas
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ubs lowers cognex price target to 56 while maintaining buy rating
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16:41 18.02.2025
ubs lowers cognex target price but maintains buy rating amid market challenges
16:25 18.02.2025
ubs lowers cognex price target but maintains buy rating amid challenges
16:25 18.02.2025
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