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