Barclays Lowers Estimates on JetBlue Airways (JBLU); RASM Guidance Weak Despite Easy Comps

June 13, 2012 1:26 PM EDT Send to a Friend
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Price: $10.86 -2.86%

Rating Summary:
    9 Buy, 8 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 15 | Down: 28 | New: 20
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Barclays maintains an 'Equalweight' on JetBlue Airways (NASDAQ: JBLU) price target of $6.00.

Analyst, David E. Fintzen, said, "While May's result was generally in line with recent guidance, a softer-than-expected June preview suggests that JBLU's relative RASM performance in both June and 2Q is likely weaker than we had expected."

Fintzen cuts Q2 EPS estimate from $0.17 to $0.14, FY12 from $0.62 to $0.60, but maintains FY13 at $0.75.

For an analyst ratings summary and ratings history on JetBlue Airways click here. For more ratings news on JetBlue Airways click here.

Shares of JetBlue Airways closed at $5.07 yesterday.


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