Morgan Stanley Initiates Coverage on Sun Country Airlines (NASDAQ:SNCY)

Morgan Stanley assumed coverage on shares of Sun Country Airlines (NASDAQ:SNCY) in a research note released on Monday, Price Targets.com reports. The firm issued an equal weight rating and a $36.00 price objective on the stock.

A number of other equities research analysts have also weighed in on SNCY. Wolfe Research assumed coverage on Sun Country Airlines in a research report on Monday. They issued an outperform rating and a $49.00 price objective on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on Sun Country Airlines in a research report on Monday. They issued a buy rating and a $46.00 price objective on the stock. Finally, The Goldman Sachs Group assumed coverage on Sun Country Airlines in a research report on Monday. They issued a buy rating and a $45.00 price objective on the stock.

SNCY opened at $41.94 on Monday. Sun Country Airlines has a 1 year low of $31.02 and a 1 year high of $42.93.

In other news, Director Kerry Philipovitch purchased 2,250 shares of the company’s stock in a transaction that occurred on Friday, March 19th. The shares were bought at an average cost of $24.00 per share, for a total transaction of $54,000.00. Following the completion of the transaction, the director now directly owns 5,139 shares of the company’s stock, valued at approximately $123,336. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

About Sun Country Airlines

Sun Country Airlines Holdings, Inc, an air carrier company, provides scheduled passenger, air cargo, and charter air transportation services in the United States, Latin America, and internationally. As of February 8, 2021, it operated a fleet of 43 aircraft, including 31 passenger and 12 cargo aircraft.

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