Benchmark Maintains Buy on Sonic Automotive, Lowers Price Target to $58
Portfolio Pulse from richadhand@benzinga.com
Benchmark analyst Michael Ward maintains a Buy rating on Sonic Automotive (NYSE:SAH) but lowers the price target from $71 to $58.
August 01, 2023 | 12:53 pm
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Benchmark analyst maintains a Buy rating on Sonic Automotive but lowers the price target from $71 to $58.
The news is directly about Sonic Automotive (SAH). The maintained Buy rating indicates the analyst's positive outlook on the company, which could be beneficial for the stock. However, the lowered price target might indicate a reduced growth expectation, which could have a neutral to slightly negative impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100