JPMorgan analyst Bill Peterson lowered the firm’s price target on Blade Air Mobility to $5 from $6 and keeps an Overweight rating on the shares. The analyst views the company’s Q4 results as "solid," saying Blade has a path to drive flight margins and overall profitability higher.
Published first on TheFly
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Read More on BLDE:
- Blade Air Mobility Reports Financial Results for the Fourth Quarter and Calendar Year Ended December 31, 2022
- Blade Air Mobility reports Q4 revenue $38.135M, consensus $35.96M
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- Blade Air Mobility Announces Date for Fourth Quarter and Calendar Year Ending December 31, 2022 Earnings Release Conference Call
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