Barclays lowered the firm’s price target on JetBlue to $5 from $6 and keeps an Underweight rating on the shares. The analyst updated the company’s model following the Q1 report.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JBLU:
- What to Make of JetBlue Airways (NASDAQ:JBLU) After Stock’s Bumpy Ride
- JetBlue says fleet moderization program is ‘coming to fruition’
- JetBlue remains focused on rebalancing network to ‘most profitable’ geographies
- JetBlue says ‘moving quickly’ to execute on standalone plan
- JBLU Earnings: JetBlue Plunges on Disappointing Outlook