JP Morgan Downgrades Sonic Automotive to Underweight, Announces $50 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta has downgraded Sonic Automotive (NYSE:SAH) from Neutral to Underweight and set a price target of $50.
October 31, 2023 | 10:16 am
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NEGATIVE IMPACT
Sonic Automotive has been downgraded by JP Morgan from Neutral to Underweight, with a new price target of $50.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Sonic Automotive. The new price target of $50 may also influence the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100