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Fly News Breaks for May 18, 2016
SONC
May 18, 2016 | 08:54 EDT
After Sonic stated that its Q3 SSS would fall short of its full-year outlook of 4%-6%, Sterne Agee CRT expects the company's SSS to rebound in future quarters. It thinks that the company is well-positioned to maintain its expanded share repurchase program and grow its dividend. The firm keeps a $40 price target and Buy rating on the shares.
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