JP Morgan Upgrades Sonic Automotive to Neutral, Raises Price Target to $58
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta has upgraded Sonic Automotive (NYSE:SAH) from Underweight to Neutral and raised the price target from $53 to $58.

June 10, 2024 | 1:27 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
JP Morgan analyst Rajat Gupta has upgraded Sonic Automotive from Underweight to Neutral and increased the price target from $53 to $58.
The upgrade from Underweight to Neutral and the increase in the price target from $53 to $58 by a reputable analyst at JP Morgan is likely to have a positive short-term impact on Sonic Automotive's stock price. Investors often react positively to such upgrades, especially when accompanied by a higher price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100