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Non-Tech : Sonic Automotive
SAH 61.40-2.5%3:59 PM EST
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To: Sergio H who wrote (53)10/26/1999 8:36:00 PM
From: Ben Wa  Read Replies (1) of 60
 
Montgomery Securities RAISED their 1999 est to $1.17. they have a $30 target. First Union raised their 1999 est. also to $1.17 and left 2000 at a measly $1.70. Merrill still has $27 target, with eps estimates of $1.17 & $1.75 for next year. Robertson Stephens @ $1.19 & $1.70, with a $28 target. Stephens is at $1.17 & $1.73. Next year's numbers ASSUME a slowdown in new car sales and no acquisitions beyond those already announced. Nobody likes it at $10, but they'll love it at $20 - just human psychology.
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