Baird Maintains Outperform on Symbotic, Lowers Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Robert Mason maintains an Outperform rating on Symbotic (NASDAQ:SYM) but lowers the price target from $53 to $41.

July 31, 2024 | 4:19 pm
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Baird analyst Robert Mason maintains an Outperform rating on Symbotic but lowers the price target from $53 to $41.
The Outperform rating suggests continued confidence in Symbotic's performance, but the lowered price target indicates some concerns or adjustments in expectations. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100