JPMorgan analyst Rajat Gupta raised the firm’s price target on Sonic Automotive (SAH) to $77 from $67 and keeps an Underweight rating on the shares. The firm updated targets in the franchise auto dealers group post the Q1 reports. JPMorgan sees sector as range-bound in the near-term with re-rating potential in the second half of 2026. Consensus estimates for the group are close to reset, the analyst tells investors in a research note.
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