Seaport Research lowered the firm’s price target on JetBlue to $8 from $9 and keeps a Buy rating on the shares. The firm lowered its price target on the stock due to near term challenges, but notes the company is taking steps to drive sustained profitability, the analyst tells investors.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JBLU:
- JBLU Earnings: JetBlue Reports Better-than-Expected Q2 Earnings
- JetBlue targeting $800M-$900M in incremental EBIT from 2025-2027
- JetBlue Airways Unveils Q3 and Full-Year 2024 Outlook
- JetBlue sees FY24 revenue growth down (5.0%)-(2.5%) from $9.62B last year
- JetBlue sees Q3 revenue growth down (5.5%)-(1.5%) from $2.35B last year