Goldman Sachs Starts JetBlue Airways (JBLU) at Neutral; Range-Bound
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Price: $6.44 -1.23%
Rating Summary:
5 Buy, 9 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
5 Buy, 9 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade JBLU Now!
Goldman Sachs initiates coverage on JetBlue Airways (NASDAQ: JBLU) with a Neutral. PT $5.20.
Analyst Tom Kim, said, "...we continue to expect the stock to be range-bound, given current valuations relative to its US Airways (NYSE: LCC) peers such as Southwest (NYSE: LUV), RyanAir (Nasdaq: RYAAY) and EasyJet (OTC: ESYJY). We expect earnings to increase yoy, but comps in 2H12E should become more challenging, leading to a deceleration in earnings growth near-term that we think should dampen share performance."
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 $5.74 yesterday, with a 52 week range of $3.40-$6.32.
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Analyst Tom Kim, said, "...we continue to expect the stock to be range-bound, given current valuations relative to its US Airways (NYSE: LCC) peers such as Southwest (NYSE: LUV), RyanAir (Nasdaq: RYAAY) and EasyJet (OTC: ESYJY). We expect earnings to increase yoy, but comps in 2H12E should become more challenging, leading to a deceleration in earnings growth near-term that we think should dampen share performance."
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 $5.74 yesterday, with a 52 week range of $3.40-$6.32.
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