Stephens & Co. Initiates Coverage On Sonic Automotive with Equal-Weight Rating, Announces Price Target of $64
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. has initiated coverage on Sonic Automotive with an Equal-Weight rating and set a price target of $64.
September 12, 2024 | 11:07 am
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NEUTRAL IMPACT
Stephens & Co. has initiated coverage on Sonic Automotive with an Equal-Weight rating and set a price target of $64, indicating a neutral stance on the stock.
The Equal-Weight rating suggests that the analyst expects the stock to perform in line with the market. The price target of $64 provides a specific valuation expectation, which is crucial for investors. However, the neutral rating implies no strong buy or sell recommendation, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100