TD Cowen analyst Thomas Fitzgerald raised the firm’s price target on JetBlue to $6 from $4 and keeps a Hold rating on the shares. The firm noted they unveiled its JetForward strategic plan through 2027 targeting $800-$900m in incremental EBIT. Key pillars include improving operation/customer service; leaning into network strengths; optimizing product suite/merchandising; and initiatives on costs/business to restore financials.
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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
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