Needham Reiterates Buy on Sonic Automotive, Maintains $73 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Chris Pierce has reiterated a Buy rating on Sonic Automotive (NYSE:SAH) and maintained a price target of $73.
August 20, 2024 | 10:39 am
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Needham analyst Chris Pierce has reiterated a Buy rating on Sonic Automotive and maintained a price target of $73, indicating confidence in the company's stock performance.
The reiteration of a Buy rating and maintenance of a $73 price target by a reputable analyst suggests positive sentiment and potential upside for Sonic Automotive's stock. This could lead to increased investor interest and buying activity, positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100