JetBlue Airways (JBLU) PT Raised to $20 at Cowen

Cowen analyst Helane Becker raised the price target on JetBlue Airways (NASDAQ: JBLU) to $20.00 (from $19.00) while maintaining a Market Perform rating.

The analyst commented, "JetBlue expects to launch Fare Options 2.0 later in the quarter. Management expects new products to drive $150 MM in revenue in 2020. The company has several initiatives expected to result in 3 points of unit revenue growth which should help weather declining industry unit revenue trends. We are taking a more moderate approach to the company's cost reduction efforts due to expected headwinds."

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