Evercore ISI Upgrades JetBlue Airways (JBLU) to In Line Citing Equity Decline

Evercore ISI analyst Duane Pfennigwerth upgraded JetBlue Airways (NASDAQ: JBLU) from Outperform to In Line with a price target of $4.50.

The analyst comments "Raising JBLU rating to In Line from Underperform following 35% decline in shares since our July downgrade. Spirit-JetBlue trial is set for October 16th. Spirit margins continue to surprise to the downside, exacerbated by GTF engine reliability issues (which remains a ’24 capacity wildcard for both carriers"

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 $6.06 yesterday.

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