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Fly News Breaks for August 8, 2016
SONC
Aug 8, 2016 | 07:35 EDT
Oppenheimer analyst Brian Bittner believes that Sonic's Q4 EPS is safe even on slightly negative same-store sales, and sees the company's 2017 targets as achievable. The analyst likes this setup against a low stock valuation and aggressive share repurchase outlook. Bittner reiterates an Outperform rating and $40 price target on the shares.
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