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Fly News Breaks for June 11, 2018
SONC
Jun 11, 2018 | 06:08 EDT
Piper Jaffray analyst Nicole Miller Regan raised her price target for Sonic to $43 saying last week's "favorable" Q3 preannounement highlighted improving sales trends and share repurchases. The analyst believes the stock's re-rating could continue as the market gains incremental visibility into Sonic's consistency of trends. He keeps an Overweight rating on the shares.
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