Sonic Corp (SONC) Tops Q2 EPS by 2c

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Sonic (SONC) PT Raised to $36 at Jefferies; Maintained 'Hold' on Valuation

March 25, 2015 7:27 AM EDT

Jefferies analyst Alexander Slagle raised estimate and his price target on Sonic (NASDAQ: SONC) to $36.00 (from $29.00) following the company Q2 'beat and raised', but maintained a Hold rating on valuation.

Slagle commented, "EPS of $0.13 beat cons of $0.12 on 11.5% SSS (pre-ann) & EPS guide... More