JPMorgan Upgrades Cognex (CGNX) from Underweight to Neutral

Cognex Corporation (NASDAQ:CGNX) is one of the 11 Best Tech Stocks Under $50 to Buy Now. On March 9, JPMorgan upgraded its rating on Cognex Corporation (NASDAQ:CGNX) from Underweight to Neutral and set a price target of $55 on the stock. The research firm pointed to improving margins, ongoing cost-cutting efforts, and a growing customer base as key reasons behind the upgrade. JPMorgan analyst Tomohiko Sano said Cognex Corporation’s (NASDAQ:CGNX) “rapid margin improvement, cost initiatives, and expanding c ...