This morning, Piper Jaffray downgraded shares of Cognex (NASDAQ:CGNX) from neutral to underweight as macroeconomic headwinds could impact growth. With the downgrade, Piper set a price target of $27 per share.
In morning trading, shares of Cognex were off 6.8% on the news.
And KBW downgraded shares of Marriot (NYSE:MAR) from outperform to market perform citing global economic concerns. With the downgrade, KBW set a price target of $42.
Shares of Marriot were higher, despite the report, picking up 0.3% so far.
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