TD Cowen Maintains Buy on Symbotic, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Joseph Giordano maintains a Buy rating on Symbotic (NASDAQ:SYM) but lowers the price target from $55 to $43.

July 30, 2024 | 4:15 pm
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TD Cowen analyst Joseph Giordano maintains a Buy rating on Symbotic but lowers the price target from $55 to $43.
The maintained 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 70
RELEVANCE 100