Market Overview

UPDATE: Morgan Stanley Reiterates Overweight Rating on Sonic Automotive Following Investor Feedback

Share:

In a report published Thursday, Morgan Stanley analyst Ravi Shanker reiterated an Overweight rating on Sonic Automotive (NYSE: SAH) and maintains the $30.00 price target.

In the report, Morgan Stanley noted, “Following our recent upgrade to OW, we've had plenty of discussions with clients and dealer industry peers alike. While most wanted to understand how differentiated the One-Sonic-One Experience is, there were some real and interesting pushback/concerns as well.”

Sonic Automotive closed on Wednesday at $24.98.

Latest Ratings for SAH

DateFirmActionFromTo
Feb 2019JP MorganInitiates Coverage OnUnderweight
Aug 2018Morgan StanleyMaintainsUnderweightUnderweight
Jul 2018BuckinghamMaintainsNeutralNeutral

View More Analyst Ratings for SAH
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Ravi ShankerAnalyst Color Reiteration Analyst Ratings

 

Related Articles (SAH)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
PEPMorgan StanleyReiterates137.0
AZRXH.C. WainwrightMaintains7.0
PEPMacquarieMaintains138.0
POLBuckinghamMaintains36.0
BKBuckinghamMaintains53.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

DigiTimes Sees Microsoft Surface Tablet Future As Bleak

Lockheed Martin Delivers First-Ever Digital Air Ground Integration Range Capability To U.S. Army