Morgan Stanley Upgrades Sun Country Airlines to Overweight, Announces $21 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Ravi Shanker upgrades Sun Country Airlines (SNCY) from Equal-Weight to Overweight with a new price target of $21.
February 26, 2024 | 10:35 am
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Sun Country Airlines upgraded by Morgan Stanley to Overweight with a $21 price target.
Upgrades by major financial institutions like Morgan Stanley typically lead to increased investor confidence and can drive up the stock price in the short term. The upgrade from Equal-Weight to Overweight signifies a positive outlook on the company's future performance, and the set price target of $21 suggests a significant upside potential from current levels.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100