Walmart-backed Symbotic plummets 35% on delayed annual filing, financial reporting concerns
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KeyBanc Downgrades Symbotic Inc. (SYM) to Sector Weight, 'Additional Accounting Issues Impact FY24 Results and Further Lower the F1Q25 Outlook'
November 27, 2024 11:39 AM ESTKeyBanc analyst Ken Newman downgraded Symbotic Inc. (NASDAQ: SYM) from Overweight to Sector Weight.
The analyst comments "We are downgrading SYM to SW from OW following the Companys press release issued this morning that it found additional accounting errors in its revenue recognition related to cost overruns that will not be... More
