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Enter Symbol:
Rating: SONC
Outperform $38

Sonic Corp. (NASDAQ: SONC) reiterated to Outperform with price target $38 by Oppenheimer

Tuesday,  Mar 3, 2015  8:25 AM ET by Lynn Gilbert

Oppenheimer reiterated Sonic Corp. (NASDAQ: SONC) to Outperform with price target $38.
Previously, Oppenheimer rated Sonic Corp. (NASDAQ: SONC) to Outperform with price target $32 on 01/07/2015, when the stock price was valued at $29.49.

Sonic Corp. operates and franchises one of the largest chain ofdrive-in restaurants in the United States. Sonic restaurants offermade-to-order hamburgers and other sandwiches and feature Sonic signatureitems, such as footlong coney cheese dogs, hand-battered onion rings, tatertots, specialty soft drinks, including cherry limeades and slushes, andfrozen desserts. At a typical Sonic restaurant, a customer drives into oneof 24 to 36 covered drive-in spaces, orders through an intercom, and has the food delivered by a carhop within an average of four minutes.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.

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