Symbotic price target raised to $48 from $40 at KeyBanc

KeyBanc raised the firm’s price target on Symbotic (SYM) to $48 from $40 and keeps an Overweight rating on the shares. The firm cites the company’s Q4 earnings beat on higher revenue and EBITDA driven by strong progress across its 44 system deployments, the analyst tells investors in a research note. Symbotic management also highlighted a record of four system completions and nine system deployments in the quarter, with a second GreenBox facility starting construction in Georgia, the firm added.