JP Morgan Maintains Neutral on Sonic Automotive, Raises Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta maintains a Neutral rating on Sonic Automotive (NYSE:SAH) and raises the price target from $50 to $52.
October 12, 2023 | 3:25 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
JP Morgan maintains a Neutral rating on Sonic Automotive and raises the price target from $50 to $52.
The news is directly related to Sonic Automotive (SAH). JP Morgan's decision to maintain a Neutral rating indicates that they do not expect significant price movement in the short term. However, the increase in the price target from $50 to $52 suggests a positive outlook for the company's stock in the longer term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100