JetBlue reinstated with an Underweight at Barclays

Barclays reinstated coverage of JetBlue with an Underweight rating and $6 price target. The company’s standalone strategy appears to be returning to its roots in the Northeast, but its significant financial leverage will likely challenge future returns for shareholders, the analyst tells investors in a research note. The firm says that while network changes should help boost JetBlue’s profitability, it sees long-term returns in the shares challenged by the airline’s significant financial leverage.