Why Cognex Stock Dropped 10% Today
On another down day for stock markets, with the Dow off 3% and the Nasdaq down 0.3%, shares of "machine vision" specialist Cognex (NASDAQ: CGNX) saw its shares fall more than most -- down 9.6% by the time the closing bell rang.
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Cognex shares have had a couple of rough days. On Friday, StreetInsider.com reported that analysts at R.W. Baird lowered their price target on Cognex by about 17% to $39 a share.
Source Fool.com