Piper Jaffray Upgrades Sonic To Overweight

Analysts at Piper Jaffray upgraded

from Neutral to Overweight. The price target for Sonic has been raised from $28 to $38. Sonic shares have gained 53.91% over the past 52 weeks, while the S&P 500 index has surged 10.30% in the same period. Sonic's shares rose 0.62% to close at $30.69 yesterday.