Keybanc Maintains Overweight on Symbotic, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Ken Newman maintains an Overweight rating on Symbotic (SYM) but lowers the price target from $63 to $55.

February 06, 2024 | 10:09 am
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Keybanc maintains an Overweight rating on Symbotic but lowers the price target from $63 to $55.
While the reduction in price target could suggest a tempered outlook on Symbotic's short-term price performance, the maintenance of an Overweight rating indicates continued confidence in the company's fundamentals and long-term prospects. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the analyst's continued endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100