Sonic sees $15M-$25M of free cash flow in FY14 Sees FY14 CapEx $70M-$75M, largely technology. Financial objectives including growing EBITDA with improved sales. Says has $21.6M remaining on share repurchase authorization. Says has "solid" business model for consistent EPS growth. Comments made at the William Blair & Company LLC Growth Stock Conference.
Sonic upgraded to Overweight from Neutral at Piper Jaffray Piper Jaffray upgraded Sonic to Overweight citing tis favorable view of the company's multi-layered process to growing sales. Piper raised its price target for shares to $38 from $28.