UBS Maintains a 'Neutral' on Sonic Auto (SAH); Beat and Raise; Expect Strong Q4
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Price: $80.26 -0.71%
Rating Summary:
5 Buy, 9 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
5 Buy, 9 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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UBS maintains a 'Neutral' on Sonic Auto (NYSE: SAH) price target raised by $1 to $15.
UBS analyst says, "Despite the $0.01 Q3 miss vs. our estimate of $0.34, we are increasing our full year 2011 EPS estimate to $1.35 from $1.28, and inline with guidance of $1.33-$1.37 as well as raising our 2012 EPS estimate to $1.50 from $1.40. Our new model reflects higher volumes in both new and used cars offset by weaker P&S margins."
For more ratings news on Sonic Auto click here and for the rating history of Sonic Auto click here.
Shares of Sonic Auto closed at $14.67 yesterday.
UBS analyst says, "Despite the $0.01 Q3 miss vs. our estimate of $0.34, we are increasing our full year 2011 EPS estimate to $1.35 from $1.28, and inline with guidance of $1.33-$1.37 as well as raising our 2012 EPS estimate to $1.50 from $1.40. Our new model reflects higher volumes in both new and used cars offset by weaker P&S margins."
For more ratings news on Sonic Auto click here and for the rating history of Sonic Auto click here.
Shares of Sonic Auto closed at $14.67 yesterday.
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