Sonic (SONC) October implied volatility elevated into Q4 and outlook
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Sonic (SONC) PT Lowered to $29 at Guggenheim Following 4Q Release
October 17, 2017 7:27 AM EDTGuggenheim lowered its price target on Sonic (NASDAQ: SONC) to $29.00 (from $32.00) while maintaining a Buy rating following the company's 4Q earnings release. System SSS decreased by (3.3%), consisting of a (3.2%) decline in franchise drive-ins and a (4.8%) decline at company drive-ins. Expanding margins drove EPS to $0.45 per share, topping... More
