- 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.
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