Fly News Breaks for August 15, 2019
Aug 15, 2019 | 06:30 EDT
BofA/Merrill analyst John Murphy downgraded Sonic Automotive to Neutral from Buy while raising his price target for the shares to $29 from $26. The analyst cites valuation for the downgrade following the recent rally in the shares. He now sees see more upside potential in other dealer stocks.
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