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Cognex (CGNX -11.4%) plummets courtesy of a downgrade to Underweight from Piper, which says it's...

Cognex (CGNX -11.4%) plummets courtesy of a downgrade to Underweight from Piper, which says it's "increasingly cautious" about the industrial machine vision system maker due to 3 months of declining PMI figures for the U.S. and China. The firm expects Cognex's "Greater China" sales to fall 15%-20% in 2012, and U.S. sales to fall 10%-15% in 2H from 1H levels.
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