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Stock impact report

Needham Trims Price Target on Sonic Automotive (SAH); Maintains Bullish Outlook on Long-Term Growth [Yahoo! Finance]

Sonic Automotive, Inc. (SAH) 
Last sonic automotive, inc. earnings: 4/29 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Needham Trims Price Target on Sonic Automotive (SAH); Maintains Bullish Outlook on Long-Term Growth Photo by NeONBRAND on Unsplash Sonic Automotive, Inc. (NYSE:SAH) is one of the largest automotive retailers in the US, operating through? three core segments: Franch?ised D?ealers?h?ip?s for new and luxury vehicles, EchoPark f?or? pre-owned cars, a?nd Pow?ers?ports for motorcycles and ATVs. On October 24, Needham anal?yst reduced the firm's pri?ce target on Sonic Automotive, Inc. (NYSE:SAH) fro?m $95 to $90 while maintaining a Buy rating? on the stock?. In a no?te to investo?rs, the firm noted that w?h?ile Sonic's franchise segment? deliv?ered solid results in the? third quarter, p?erf?orm?a?nce was tem?pered by ongo?ing volat?ility at its EchoPark division amid a sluggish? recovery in the used car market. Despite near-term challenges, Needham remains optimistic about? the compa?ny's? long-ter?m prospects, citing Sonic's strong presence i?n premium brands and? the u?nique EchoP Show less Read more
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