March 18, 2013 at 14:34 PM EDT
Bank of America Reiterates Buy on Sonic Automotive on 10K Delay, Revolver Amendment
In a report published Monday, Bank of America analyst John Murphy reiterated a Buy rating and $30.00 price target on Sonic Automotive (NYSE: SAH ). In the report, Murphy noted, “This morning Sonic Automotive delivered 3 pieces of news that we believe are not as negative as initially perceived by
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