Form 8-K JETBLUE AIRWAYS CORP For: Apr 26
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JPMorgan Double Downgrades JetBlue Airways (JBLU) to Underweight
April 26, 2022 8:16 PM EDTJPMorgan analyst Jamie Baker downgraded JetBlue Airways (NASDAQ: JBLU) from Overweight to Underweight with a price target of $12.00 (from $24.00).
The analyst comments "The merger does factor into our JetBlue downgrade We always let our models lead the way, and we have substantially reduced our 2023 earnings forecast for JetBlue, in turn reducing our earlier price target to $12. Truth be told, our 2Q22 estimate actually improves closer to breakeven, but we had... More
