Ahead Of The Bell: Sonic Upgraded On Share Price

CNBC:

An analyst upgraded Sonic Corp. on Monday, calling the restaurant operator’s stock price appealing.

Wedbush Morgan’s Rachael Rothman in a report to clients noted that the fast food chain operator’s stock price has fallen about 20 percent in the past two months. He raised his rating to “Neutral” from “Underperform,” but maintained his $10 share price target.

Sonic, like many restaurant operators, has struggled as consumers eat at home more often to save money during the recession.