Zacks Investment Research downgraded shares of SONIC AUTOMOTVE (SAH) from NEUTRAL to UNDERPERFORM on September 03, 2014, with a target price of $23.90.
Sonic Automotive Inc. is one of the largest automotive retailers in the United States. The company owns and operates franchises for different brands of cars and light trucks providing comprehensive services including sales of both new and used cars and light trucks, replacement parts and vehicle maintenance, warranty, paint and repair services. The company also arranges extended warranty contracts and financing and insurance for the automotive customers.
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