Zacks Investment Research downgraded shares of COGNEX CORP (CGNX) from OUTPERFORM to NEUTRAL on September 30, 2014, with a target price of $47.10.
Cognex Corp. designs, develops, manufactures, and markets machine vision systems that are used to automate a wide range of manufacturing processes where vision is required. Cognex machine vision systems consist of two primary elements: a computer, which serves as a ""machine vision engine,"" and software that processes and analyzes images. When connected to a video camera, the machine vision system captures images and extracts information, which determines appropriate action for other equipment in the manufacturing process.
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