Sonic Announces Financing Transaction

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UBS Raises Price Target on Sonic Corp (SONC) Following Solid 2Q Results

March 30, 2016 8:25 AM EDT

UBS reiterated a Neutral rating on Sonic Corp (NASDAQ: SONC), and raised the price target to $33.00 (from $28.00), following the company's 2Q earnings report. Meaningfully better than anticipated sss of +6.5%/+6.3% franchise/company were driven by almost as much traffic growth as check and represented a >400 bps... More