B of A Securities Maintains Buy on Sonic Automotive, Lowers Price Target to $66
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has maintained a Buy rating on Sonic Automotive but has slightly lowered the price target from $67 to $66.
October 14, 2024 | 5:30 pm
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B of A Securities has maintained a Buy rating on Sonic Automotive but has slightly lowered the price target from $67 to $66.
The analyst's decision to maintain a Buy rating suggests confidence in the company's performance, but the slight reduction in the price target indicates a minor adjustment in expectations. This is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100