Sonic Automotive price target raised to $85 from $72 at BofA

BofA raised the firm’s price target on Sonic Automotive (SAH) to $85 from $72 and keeps a Buy rating on the shares. The firm lowered its North American auto production estimate to 16.1M from 16.7M to reflect plant downtime and a material increase in Chinese imports to Mexico. Commentary from dealers for 2025 was encouraging and pointed to “another year of solid growth” highlighted by growing volumes, stable pricing, and continued execution, the firm adds.