Needham raised the firm’s price target on Sonic Automotive (SAH) to $95 from $74 and keeps a Buy rating on the shares. Sonic Automotive’s franchise business and the EchoPark segment handily outpacing the firm’s gross profit estimates, the analyst tells investors in a research note. EchoPark is primed for durable growth on an increasingly robust playbook, the firm says.
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Read More on SAH:
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