UBS: Symbotic (SYM.US) is overvalued and overly reliant on a small number of clients, downgrade to "sell" rating.

According to the Smart Finance APP, on Tuesday, UBS analysts downgraded Symbotic (SYM.US) from "neutral" to "sell." They warned that the high valuation of this warehouse automation company is difficult to justify, as its growth momentum is slowing down and the company heavily relies on Walmart (WMT.US) as its main customer base.