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Fly News Breaks for March 30, 2016
SONC
Mar 30, 2016 | 08:21 EDT
Sterne Agee CRT believes that Sonic reported "impressive" same-store sales last night, and the firm thinks that investors' fears about the company have proven to be baseless. Consequently, the firm thinks that the stock may have reached a positive turning point. It raised its price target on the name to $40 from $34 and keeps a Buy rating on the shares.
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