Sun Country Airlines (SNCY) Stock: Why It Increased 7.68% Today

By Amit Chowdhry ● Sep 6, 2022
  • The stock price of Sun Country Airlines (SNCY) increased by 7.68% today. This is why.

The stock price of Sun Country Airlines (SNCY) increased by 7.68% today. 

Why: Bullish research report

Price target: $25

Rating: Outperform

Analyst: Cowen analyst Helane Becker

Becker initiated coverage on Sun Country Airlines while noting that the company is a hybrid airline with a strong balance sheet and contracted recurring revenue streams covering 32% of its revenue. And Becker said that the airline has strong cash flows as a result and generates high margins, even compared to other low-cost carriers. Plus the company also has a strong balance sheet and a relatively young / fuel-efficient fleet.