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Cognex (CGNX) falls 8.5% after the maker of industrial machine vision systems is cut to Neutral...
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Wednesday, August 31, 2011, 1:44 PM ETCognex (CGNX) falls 8.5% after the maker of industrial machine vision systems is cut to Neutral by Piper's Auguste Richard, primarily on valuation concerns. Richard also thinks Cognex could have trouble meeting Street estimates, given its exposure to a weak chip equipment market, and recent softness in North America.
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