Vetr Crowd Downgrades Sonic To 2-Star Stock

Shares of Sonic Corporation SONC gained more than 17 percent since the start of 2015. Despite the relative outperformance versus some of its peers, the Vetr crowd isn't confident in the stock's ability to continue outperforming heading into 2016. The Vetr crowd downgraded Sonic's stock rating to 2-stars out of a possible 5-stars. In fact, shares of Sonic have fallen to $31.86 since the prior rating of 4-stars was issued just three days ago. In addition to a notable downgrade, 66 percent of the Vetr crowd's ratings are bearish and the crowd-sourced price target of $28.70 implies a downside of nearly 10 percent.