Sonic Automotive price target raised to $92 from $83 at Stephens

Stephens analyst Jeff Lick raised the firm’s price target on Sonic Automotive (SAH) to $92 from $83 and keeps an Overweight rating on the shares. While noting its lower liquidity and market cap, the firm believes “investors looking to play a recovering U.S. new vehicle environment” should “look closely” at Sonic, the analyst tells investors in a post-earnings note.