Citigroup Maintains Buy on Symbotic, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli maintains a Buy rating on Symbotic (NASDAQ:SYM) but lowers the price target from $62 to $49.

July 30, 2024 | 3:03 pm
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NEUTRAL IMPACT
Citigroup analyst Itay Michaeli maintains a Buy rating on Symbotic but lowers the price target from $62 to $49.
The Buy rating suggests continued confidence in Symbotic's long-term prospects, but the lowered price target indicates a more cautious short-term outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100