Keybanc Initiates Coverage On Symbotic with Overweight Rating, Announces Price Target of $50
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Ken Newman has initiated coverage on Symbotic (NASDAQ:SYM) with an Overweight rating and a price target of $50.
October 03, 2023 | 9:14 am
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Keybanc has initiated coverage on Symbotic with an Overweight rating and a price target of $50, which could positively impact the stock's performance.
Analyst ratings and price targets can significantly influence a stock's performance. An Overweight rating suggests that the analyst believes the stock will outperform the market, while a price target of $50 indicates the analyst's expectation of the stock's future price. This could lead to increased investor interest in SYM, potentially driving the stock price up in the short term.
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