Symbotic price target raised to $60 from $55 at Northland

Northland raised the firm’s price target on Symbotic to $60 from $55 and keeps an Outperform rating on the shares. The firm believes Symbotic’s quarter-long process refinement period “went well” and the company can accelerate deployments going forward, noting that the pause for process refinement came with the ability to still grow by greater than 50%.