JetBlue Upgraded to Neutral Amid Positive Airline Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 24 2009
0mins
Should l Buy JBLU?
Source: SeekingAlpha
JetBlue Airways Corp (JBLU) saw a significant price increase of 7.00% as it reached a 20-day high, despite the broader market decline with the Nasdaq-100 down 1.58% and S&P 500 down 0.36%.
The stock's rise is attributed to Citi Research upgrading JetBlue's rating from Sell to Neutral, reflecting a more favorable outlook for the airline industry amid increasing merger activity. This upgrade comes despite recent financial challenges, as analysts believe JetBlue's solid liquidity positions it well for potential investment opportunities in a changing M&A landscape.
This upgrade signals a potential turnaround for JetBlue, as it navigates a competitive market environment. The positive sentiment from analysts may attract investor interest, further enhancing JetBlue's market position and operational strategies.
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Analyst Views on JBLU
Wall Street analysts forecast JBLU stock price to fall
10 Analyst Rating
0 Buy
5 Hold
5 Sell
Moderate Sell
Current: 5.540
Low
3.50
Averages
4.69
High
7.00
Current: 5.540
Low
3.50
Averages
4.69
High
7.00
About JBLU
JetBlue Airways Corporation provides air transportation services across the United States, Latin America, the Caribbean, Canada, and Europe. The Company operates five types of aircraft, including Airbus A220, Airbus A320, Airbus A321, Airbus A321neo, and Embraer E190. Its inflight entertainment system onboards its aircraft with free live TV on select routes and premium movie channel offerings from JetBlue Features. Its entire fleet is equipped with Fly-Fi, a broadband product that allows gate-to-gate Wi-Fi at every seat. Customers also have access to the Fly-Fi Hub, a content portal where customers can access a wide range of additional content from their own personal devices. Its customers can purchase one of five branded fares: Blue Basic, Blue, Blue Plus, Blue Extra, and Mint, its premium service. It also sells vacation packages through its subsidiary, JetBlue Travel Products, LLC, which offers one-stop, value-priced vacation services for self-directed packaged travel planning.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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