Goldman Sachs Boosts Estimates and Price Target On Sonic Auto (SAH)

Goldman Sachs raised estimates and its price target on Neutral-rated Sonic Auto (NYSE: SAH) from $16 to $18.

The firm is adjusting 2012/2013 estimates to $1.64/$1.88 from $1.52/$1.80.

Goldman cited: "(1) impact of the 4Q beat, (2) higher new unit sales as we now forecast higher overall SAAR for 2012, and (3) slightly lower interest expense than our previous forecast."

For an analyst ratings summary and ratings history on Sonic Auto click here. For more ratings news on Sonic Auto click here.

Shares of Sonic Auto closed at $18.55 yesterday.

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