JP Morgan Maintains Neutral on Sonic Automotive, Lowers Price Target to $50
Portfolio Pulse from jenniferd'souza@benzinga.com
JP Morgan analyst Rajat Gupta maintains a Neutral rating on Sonic Automotive (NYSE:SAH) and lowers the price target from $55 to $50.
July 31, 2023 | 9:56 am
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JP Morgan has maintained a Neutral rating on Sonic Automotive and lowered the price target from $55 to $50.
The news directly pertains to Sonic Automotive (SAH). The lowered price target could indicate a potential decrease in the stock's value, but the maintained Neutral rating suggests that the overall outlook for the company remains stable. Therefore, the short-term impact on the stock price is likely to be neutral.
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IMPORTANCE 80
RELEVANCE 100