Cognex "neutral," target price raised

12/14/05 - Robert W. Baird

NEW YORK, December 14 (newratings.com) - Analysts at Robert W Baird maintain their "neutral" rating on Cognex Corporation (CGNX). The 12-month target price has been raised from $32 to $36.

In a research note published this morning, the analysts mention that Advanced Industrial Equipment (AIE) companies are witnessing an improved pricing environment. Cognex’s FY07 EPS is expected to be diluted by $0.20 by the FAS 123R option expenses, the analysts say.