Hi Vikas; I just recently did find a method that works. While exploring ArcGIS Pro 3.2 topics, I found the instructions for "Import symbology from another layer". This method works and is a simpler method than the alternative set of instructions called "Export symbology from one project map to another project map". The Import method does not involve exporting a .lyr file of the feature for which the symbology is desired and works for within the same Project. The Export method I suspect is the method to use when wishing to export a symbology and bring into a different and separate Project. That may be a critical difference in the applicability of these methods, although it remains to be explained why it wouldn't change any symbology when importing from the exported .lyr file.
However and as a heads-up, the Import symbology instructions say that the menu box that appears says "Apply symbology from layer" when in actuality - after hitting import on the Feature Layer tab, the menu box says "Import symbology from layer". Also the instructions say to hit "Run" when the actual menu box says "Apply". A bit confusing, but it works.
Thanks all; Dave
