UPDATE: Baird Starts Sarcos Technology and Robotics (STRC) at Neutral

Baird analyst Robert Mason initiates coverage on Sarcos Technology and Robotics (NASDAQ: STRC) with a Neutral rating and a price target of $9.00.

The analyst comments "We're positive on the market opportunity for STRC's robots to augment labor in strenuous and/or dangerous, non-repetitive work tasks. STRC's technology leadership in mobile, dexterous robots (exoskeletons) is differentiated and its industry development advisors offer basis for early success. We initiate at a Neutral rating and $9 price target as we monitor STRC's advancement of the core XO/XT products through beta trials/ commercialization for planned intro to customers by late-CY22. We believe related milestones achieved along the way may offer catalysts."

For an analyst ratings summary and ratings history on Sarcos Technology and Robotics click here. For more ratings news on Sarcos Technology and Robotics click here.

Shares of Sarcos Technology and Robotics closed at $6.87 yesterday.

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