KeyBanc Raises Symbotic to Overweight Citing Sharper Execution and Faster Deployments
KeyBanc upgraded Symbotic to Overweight and set a $70 price target after on-site meetings with management, citing improved execution, clearer visibility on deployment cadence and operating expense efficiencies that should accelerate installations against a roughly $22.3 billion backlog. The firm left near-term revenue and EBITDA forecasts above con…