TD Cowen Downgrades Sun Country Airlines (SNCY) to Hold Following Allegiant Merger Announcement

1 month ago 20

Maham Fatima

Wed, February 4, 2026 astatine 8:04 AM CST 2 min read

Sun Country Airlines Holdings Inc. (NASDAQ:SNCY) is 1 of the inexpensive blistery stocks to put successful close now. On February 3, TD Cowen downgraded Sun Country Airlines to Hold from Buy and lowered its terms people to $18 from $21. The steadfast indicated that existent stock prices look to bespeak a precocious probability, exceeding 90%, that the precocious announced merger with Allegiant Travel Company (NASDAQ:ALGT) volition person regulatory approval. The steadfast suggests the banal is efficaciously afloat valued comparative to the anticipated acquisition consideration.

Earlier connected January 20, Wolfe Research downgraded Sun Country Airlines Holdings Inc. (NASDAQ:SNCY) from Outperform to Peer Perform. This sentiment was posted by the steadfast pursuing the announcement of a merger statement with Allegiant Travel Company. Under the presumption of the currency and banal transaction, the acquisition has an implied worth of $18.89 per Sun Country share.

TD Cowen Downgrades Sun Country Airlines (SNCY) to Hold Following Allegiant Merger Announcement

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On January 12, arsenic well, JPMorgan downgraded Sun Country Airlines from Overweight to Neutral, mounting a $19 terms people pursuing the quality of its merger with Allegiant Travel Company.

Sun Country Airlines Holdings Inc. (NASDAQ:SNCY) is an aerial bearer institution that operates scheduled passenger, aerial cargo, charter aerial transportation, and related services successful the US, Latin America, and internationally. It has 2 segments: Passenger and Cargo.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.