Barclays analyst Brandon Oglenski maintains $Sun Country Airlines (SNCY.US)$ with a buy rating, and maintains the target price at $24.
According to TipRanks data, the analyst has a success rate of 58.7% and a total average return of 9.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Sun Country Airlines (SNCY.US)$'s main analysts recently are as follows:
Anticipation for sustained margin growth into 2025 is prevalent, with improved pilot staffing predicted to enable increased peak capacity during the first quarter of 2025 for the passenger business.
The firm anticipates that airline industry fundamentals will see a marked improvement by 2025, which is expected to enhance market sentiment and potentially lead to notable increases in share value, especially for leading companies in the sector. This combined enhancement of industry fundamentals and investor outlook may contribute to a robust surge in airline stocks as the next year approaches. It is suggested that companies that are currently performing well are likely to continue their success. As airline capacity growth becomes more controlled in 2025, with a reorganization of low-cost carrier competition, and stronger competitive advantages for the leading players, there is significant upside potential seen for the industry.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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