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Fly News Breaks for September 12, 2018
SONC
Sep 12, 2018 | 07:15 EDT
Oppenheimer analyst Brian Bittner now sees Sonic's risk/reward as too stretched and anticipates a pull-back, based on his analysis. Fundamentally, the analyst believes recent installment of long-term targets tilt aggressively, particularly assumption for 2%-4%-plus same-store sales. He reiterates a Perform rating on the shares.
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