Keybanc Maintains Overweight on Symbotic, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Ken Newman maintains an Overweight rating on Symbotic (NASDAQ:SYM) but lowers the price target from $55 to $40.

July 30, 2024 | 5:08 pm
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Keybanc analyst Ken Newman maintains an Overweight rating on Symbotic but lowers the price target from $55 to $40.
The lowered price target from $55 to $40 suggests a more cautious outlook on Symbotic's future performance, which could lead to a short-term negative impact on the stock price despite the maintained Overweight rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100