Baird Maintains Outperform on Symbotic, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Robert Mason has maintained an Outperform rating on Symbotic (SYM) but has lowered the price target from $54 to $52.
February 06, 2024 | 6:45 pm
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Baird maintains an Outperform rating on Symbotic but lowers the price target from $54 to $52.
While the reduction in price target could suggest a slightly less optimistic view on Symbotic's short-term price potential, the maintenance of an Outperform rating indicates a continued positive outlook on the company's performance. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100