Piper Jaffray Changes PT And EPS Estimates Of Cognex

According to Piper Jaffray, Cognex CGNX, PT and EPS estimates have been revised. Piper Jaffray announced an increase in the PT from $35 to $36.50. They also reported a increase in FY11 EPS estimates from $1.52 to $1.57 and from $1.75 to $1.83 in FY12. Overweight rating has been maintained. Cognex closed yesterday at $32.96.