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Fly News Breaks for February 23, 2017
SAH
Feb 23, 2017 | 06:59 EDT
BofA/Merrill analyst John Murphy downgraded Sonic Automotive to Neutral saying the Q4 report was solid but 2017 earnings outlook implies a significant increase in investment for the EchoPark initiative and trimmed his estimates. Given the recent strength in shares, Murphy now views the stock as fairly valued and maintained its $26 price target.