Why Symbotic Stock Triumphed on Thursday
Industrial robotics company Symbotic (NASDAQ: SYM) enjoyed a nearly double-digit rise in its stock price on Thursday, with its shares increasing by just under 10% in value. Investors were taken by a bullish initiation of coverage by an analyst now trading the company. Symbotic's bounce looked impressive when placed next to the under-0.1% advance of the S&P 500 index.
That entity behind the upgrade was Northcoast Research, whose analyst Keith Housum launched his coverage of Symbotic with a buy recommendation at a price target of $65 per share.
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Source Fool.com
