Cowen initiated coverage on shares of Symbotic (NASDAQ:SYM – Get Rating) in a research report report published on Tuesday, The Fly reports. The brokerage issued an outperform rating on the stock.
Separately, Cowen assumed coverage on shares of Symbotic in a research report on Tuesday. They issued an outperform rating and a $18.00 price objective on the stock.
Shares of SYM opened at $15.50 on Tuesday. Symbotic has a fifty-two week low of $9.01 and a fifty-two week high of $28.48.
Symbotic Inc, an automation technology company, provides robotics and technology to improve efficiency for retailers and wholesalers in the United States. It offers The Symbotic System, a full-service warehouse automation system that reduces costs, improves efficiency, and maximizes inventory. The company is based in Wilmington, Massachusetts.
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