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Stock Market & Financial Investment News

News Breaks
January 7, 2014
08:08 EDTSONCSonic announces expansion plans for the state of California
For the second time in recent months, SONIC Drive-In announced expansion plans for the state of California with a franchise agreement slated to bring 10 new drive-ins to the Los Angeles market in the next seven years. The chain of drive-in restaurants has signed an agreement with franchise partner Coast to Coast Commercial, LLC to develop these locations. In addition, SONIC is seeking multiple franchise partners in Southern, Central and Northern California as part of a plan for as many as 300 drive-ins in the state by 2020.
News For SONC From The Last 14 Days
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April 17, 2014
08:04 EDTSONCSonic says aims to open 1,000 locations over the next 10 years
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April 16, 2014
10:00 EDTSONCOn The Fly: Analyst Upgrade Summary
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07:54 EDTSONCSonic upgraded to Buy from Neutral at Sterne Agee
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April 14, 2014
10:09 EDTSONCSonic mentioned cautiously by Off Wall Street
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April 4, 2014
10:02 EDTSONCOn The Fly: Analyst Downgrade Summary
Antero Resources (AR) downgraded to Buy from Strong Buy at ISI Group... Cobalt (CIE) downgraded to Buy from Strong Buy at ISI Group... Franklin Resources (BEN) downgraded to Market Perform at Keefe Bruyette... Hasbro (HAS) downgraded to Hold from Buy at Needham... PPL Corp. (PPL) downgraded to Neutral from Outperform at Macquarie... Sonic (SONC) downgraded to Neutral from Buy at Buckingham... Vodafone (VOD) downgraded to Neutral from Buy at Nomura... AutoZone (AZO) downgraded to Neutral from Outperform at RW Baird... Advance Auto Parts (AAP) downgraded to Neutral from Outperform at RW Baird... LinnCo (LNCO) downgraded to Neutral from Buy at Citigroup... LINN Energy (LINE) downgraded to Neutral from Buy at Citigroup... General Mills (GIS) downgraded to Hold from Buy at Argus.
07:11 EDTSONCSonic downgraded at Buckingham
As previously reported, Buckingham downgraded Sonic to Neutral from Buy. The firm downgraded shares due to valuation and the rise in dairy costs. Price target is $24.
06:44 EDTSONCMost senators resisting compromise on minimum wage increase, Politico reports
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06:27 EDTSONCSonic downgraded to Neutral from Buy at Buckingham
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April 3, 2014
06:34 EDTSONCStates moving on minimum wage hikes, NY Times says
Since President Obama called for an increase in the federal minimum wage 14 months ago, seven states and Washington, DC have passed such an increase, according to The New York Times. Meanwhile, 34 other state legislatures have started debating the issue and activists in another eight states are looking to get proposals for minimum wage increases on voter ballots, the newspaper stated. Companies that could be affected by minimum wage increases include McDonald's (MCD), Burger King (BKW), Wendy's (WEN), Jack in the Box (JACK), Dunkin Donuts (DNKN), and Sonic Corporation (SONC). Reference Link

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