Morgan Stanley Increases Sonic Automotive (NYSE:SAH) Price Target to $38.00

Sonic Automotive (NYSE:SAH) had its price objective hoisted by equities research analysts at Morgan Stanley from $35.00 to $38.00 in a research report issued to clients and investors on Wednesday, BenzingaRatingsTable reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential downside of 8.26% from the company’s previous close.

Several other research firms also recently weighed in on SAH. Zacks Investment Research restated a “buy” rating on shares of Sonic Automotive in a research note on Thursday, July 2nd. Benchmark upped their price target on Sonic Automotive from $27.50 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. ValuEngine upgraded Sonic Automotive from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. upped their price target on Sonic Automotive from

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Sonic Automotive Careers

Our Story

Sonic Automotive is a Fortune 500 company that is transforming the way people shop for, buy and service their vehicles. Our talented team work together to ensure we provide an experience unmatched by our competitors.

Our associates are happy to work here because:

  • We boast the lowest turnover in the industry.
  • We provide award winning training (Training Magazine Top 125, and Brandon Hall Awards).
  • We are committed to developing and promoting within the company.
  • We are technology based – most jobs use IPads or IPhones that we provide.
  • Our benefits are extremely competitive with Medical, dental, vision, HSA, 401k and PTO.
  • We encourage peer to peer teamwork and recognition.
  • Special benefits to purchasing and leasing a car.
  • Personal Automotive Concierge Service.

If you want to find out more about the types of jobs we have here, we’ve highlighted a few.

We’re proud of what we’re doing here. Come

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