BofA raised the firm’s price target on Sonic Automotive (SAH) to $85 from $72 and keeps a Buy rating on the shares. The firm lowered its North American auto production estimate to 16.1M from 16.7M to reflect plant downtime and a material increase in Chinese imports to Mexico. Commentary from dealers for 2025 was encouraging and pointed to “another year of solid growth” highlighted by growing volumes, stable pricing, and continued execution, the firm adds.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SAH:
- Sonic Automotive price target raised to $80 from $74 at JPMorgan
- Sonic Automotive price target raised to $92 from $83 at Stephens
- Sonic Automotive Reports Record Quarterly Revenue Growth
- Sonic Automotive’s Earnings Call: Growth Amid Challenges
- Optimistic Outlook for Sonic Automotive: Franchise Success and Echo Park Growth Potential
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue