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Fly News Breaks for September 6, 2018
SONC
Sep 6, 2018 | 08:10 EDT
Stephens analyst Will Slabaugh lowered his Q4 same-store sales growth estimate for Sonic to 1.5% from 2.5%, citing a modestly softer summer than he previously anticipated. However, he maintains his 50c EPS estimate for the quarter and said he sees the company striking a more relevant tone in terms of value. He maintains an Overweight rating and $40 price target on Sonic shares.
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