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SONC

Sonic

$24.61

-0.13 (-0.53%)

06:42
10/06/17
10/06
06:42
10/06/17
06:42

Sonic outlook to keep shares 'stalled' near term, says Oppenheimer

Oppenheimer analyst Brian Bittner expects Sonic's initial 2018 earnings outlook on October 16 to keep the shares "stalled" i in the near term. The analyst believes 2018 consensus estimates are "skewed a bit aggressively." His estimates are 5% below the Street. Bittner, however, see limited downside risk to Sonic shares without "significant" negative earnings revisions. He keeps an Outperform rating on the stock with a $29 price target.

  • 16

    Oct

SONC Sonic
$24.61

-0.13 (-0.53%)

06/13/17
06/13/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Foot Locker (FL) downgraded to Hold from Buy at Argus with analyst John Staszak citing weakening demand for Nike (NKE) footwear. 2. Sonic (SONC) downgraded to Underperform from Buy at BofA/Merrill with analyst Gregory Francfort downgrading Sonic two notches to Underperform from Buy and raising its price target to $30 from $27 while saying the downgrade is not a call on the quarter and sees limited downside to the third quarter and fourth quarter. 3. Shopify (SHOP) downgraded to Neutral from Buy at Goldman Sachs with analyst Jesse Hulsing saying the risk/reward is balanced with the shares up 105% since his upgrade on October 4, 2016. The analyst keeps a $96 price target for the stock. 4. Consolidated Edison (ED) downgraded to Hold from Buy at Jefferies with analyst Anthony Crowdell saying he views the shares as fairly valued following the recent rally and lowered his estimates to reflect a higher share count. 5. Zoetis (ZTS) downgraded on valuation at BMO Capital with analyst Alex Arfaei citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/15/17
COWN
09/15/17
NO CHANGE
Target $25
COWN
Market Perform
Sonic pursuing correct strategy for 2018, says Cowen
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.
09/18/17
SBSH
09/18/17
INITIATION
Target $28
SBSH
Buy
Sonic initiated with a Buy at Citi
Citi analyst Gregory Badishkanian started Sonic Corp. with a Buy rating and $28 price target. The analyst believes the recent share selloff presents a buying opportunity.
09/28/17
BARD
09/28/17
NO CHANGE
Target $20
BARD
Neutral
Sonic breach not material risk to processor First Data, says Baird
Baird analyst David Koning believes First Data (FDC) is the card processor for Sonic (SONC), which reported a security breach yesterday. The analyst believes it is possible the franchised locations of Sonic use different processors, so he does not view the breach as a material risk to First Data. Koning maintained his Neutral rating and $20 price target on First Data shares.

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MYND

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