TD Cowen raised the firm’s price target on Sun Country Airlines to $22 from $19 and keeps an Outperform rating on the shares. The firm said its long-term outlook very positive with drivers that include pilot staffing improving which unlocks more peak-day flying better RASM, maintenance costs will be elevated in 2024 but will ease in 2025 and 2026, and low CAPEX will boost FCF and support further share repurchases.
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Read More on SNCY:
- Sun Country Airlines reports Q4 EPS 12c, consensus 5c
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- Sun Country Airlines Will Hold Its Fourth Quarter and Full Year 2023 Earnings Conference Call February 1
- Sun Country Airlines price target raised to $18 from $17 at Barclays
