Sonic Corp (SONC) Tops Q2 EPS by 1c

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Sonic (SONC) PT Lowered to $24 at Barclays as Comps Miss

March 29, 2017 7:00 AM EDT

Barclays lowered its price target on Sonic (NASDAQ: SONC) to $24.00 (from $26.00) while maintaining a Underweight rating following Q2 large comp miss.

Jeffrey Bernstein commented, "Sonic's 1HF17 comp was disappointing, though EPS was resilient on effective cost control. With that said, F17 top and... More