Deutsche Bank raised the firm’s price target on Sun Country Airlines to $20 from $17 and keeps a Buy rating on the shares. The analyst says “an uneven recovery” favors the Big 3 airlines for 2024. The wide margin gap between leaders and laggards is expected to persist in 2024, the analyst tells investors in a research note. Like 2023, the firm expects to see major carrier profits outperform the low-fare carriers.
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Read More on SNCY:
- Sun Country Airlines Holdings, Inc. Announces Pricing of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
- Sun Country Airlines Holdings, Inc. Announces Launch of Secondary Public Offering of Common Stock and Concurrent Share Repurchase
- Sun Country Airlines price target lowered to $17 from $18 at Susquehanna
- Sun Country Airlines price target lowered to $17 from $18 at Barclays
- Sun Country Airlines announces additional $25M for repurchases
