Goldman Sachs analyst Catherine O'Brien maintains $Sun Country Airlines (SNCY.US)$ with a hold rating, and adjusts the target price from $18 to $17.
According to TipRanks data, the analyst has a success rate of 45.6% and a total average return of -6.0% 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:
The expectation is for ongoing margin growth into 2025, with improvements in pilot staffing enabling increased peak capacity flights in Q1 of 2025 for the passenger business.
The firm anticipates that airline fundamentals will greatly improve by 2025, leading to a much more favorable market perception that could result in substantial share price increases for leading companies in the industry. This enhancement in fundamentals along with a positive shift in investor sentiment may contribute to a strong upswing in airline equities as the next year approaches. It is expected that the successful companies will continue to excel, with airlines potentially realizing considerable upside as capacity growth steadies, competitive dynamics among low-cost carriers evolve, and the industry leaders solidify their dominant positions.
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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