Symbotic Inc. (SYM) Misses Q3 EPS by 5c

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DA Davidson Downgrades Symbotic Inc. (SYM) to Neutral on Valuation

August 1, 2023 6:37 AM EDT

DA Davidson analyst Matt Summerville downgraded Symbotic Inc. (NASDAQ: SYM) from Buy to Neutral with a price target of $50.00.

The analyst comments "After reviewing our model post SYMs F3Q23 results earlier this week, we are increasing our top-line outlook through FY25... More