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Fly News Breaks for September 15, 2017
SONC
Sep 15, 2017 | 09:27 EDT
Cowen analyst Andrew Charles believes Sonic is pursuing the right strategy for 2018 in enhancing quality and increasing marketing efforts towards the core female customer via non-TV tactics. He does expect industry challenges to persist, but he believes downside is limited by its share repurchase authorization. Charles maintained his Market Perform rating and $25 price target on Sonic shares.
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