Evercore Sees 71% Upside In Sun Country Airlines

December 22, 2021 6:53 AM | 1 min read | Make a Comment

Evercore ISI analyst Duane Pfennigwerth initiated Sun Country Airlines Holdings Inc SNCY with an Outperform rating and a price target of $45, implying an upside of 71%.
The analyst noted flexible capacity planning, a clean balance sheet, and a "scale sweet spot" for growth position the company well to deliver attractive earnings growth to recovery and beyond.
Pfennigwerth further added that Sun Country has successfully driven charter growth during off-peak periods, while its new labor agreement opens up growth and expansion with Amazon.com, Inc. AMZN.
Price Action: SNCY shares closed higher by 5.28% at $26.30 on Tuesday.