JP Morgan Maintains Neutral on Sonic Automotive, Raises Price Target to $52
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Rajat Gupta maintains a Neutral rating on Sonic Automotive (NYSE:SAH) and raises the price target from $50 to $52.
June 23, 2023 | 2:21 pm
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NEUTRAL IMPACT
JP Morgan maintains a Neutral rating on Sonic Automotive (NYSE:SAH) and raises the price target from $50 to $52.
The news of JP Morgan maintaining a Neutral rating on Sonic Automotive and raising the price target from $50 to $52 indicates that the analyst sees potential growth in the stock but remains cautious. This may not have a significant short-term impact on the stock price, as the rating remains unchanged.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100