Symbotic price target lowered to $52 from $54 at Baird

Baird lowered the firm’s price target on Symbotic to $52 from $54 and keeps an Outperform rating on the shares. The firm said it sreported mixedQ2 results but its intermediate and long-term view is solidly intact. as the company is committed to ensuring strong initial customer outcomes, and will prudently elevate spend, slow new starts, temporarily, if needed.