JetBlue price target raised to $6 from $5.75 at Citi

Citi analyst Stephen Trent raised the firm’s price target on JetBlue to $6 from $5.75 and keeps a Neutral rating on the shares. The firm says JetBlue “seems to be making important gains,” in terms of improving its operational and financial performance. Last quarter’s CrowdStrike outage seems unlikely to be a recurring event and management’s new initiatives seem to be helping, the analyst tells investors in a research note. However, Citi still believes JetBlue “seems to be a long way off, in terms of recovering its pre-pandemic operational and financial strength.”