Citi upgrades JetBlue Airways to Neutral with $4.50 target
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Get Alerts JBLU Hot Sheet
Rating Summary:
2 Buy, 20 Hold, 6 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 26 | Down: 19 | New: 65
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Citi analyst John Godyn upgraded JetBlue Airways (NASDAQ: JBLU) from Sell to Neutral, setting a price target of $4.50, down from a prior target of $5.30.
Godyn cited the stock's significant decline since the firm downgraded JetBlue to Sell on August 7th as the primary reason for the rating change. "We upgrade JBLU from Sell/HR to Neutral/HR primarily as a result of the significant decline the stock has experienced since our downgrade to Sell/HR on August 7th," he said.
The analyst added that the revision is part of a broader process of updating earnings per share estimates and price targets ahead of earnings season.
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