Rodman & Renshaw Maintains Market Perform Rating and $6 PT on JetBlue Airways

A report from Rodman & Renshaw reiterates its Market Perform rating and $6 price target on JetBlue Airways (NASDAQ: JBLU).

The report states, “JBLU reported 3Q revenues of $1.2B, an operating profit of $108M (a 9% operating margin vs a 13.6% margin a year ago) & a net profit excl special items of $38M or $0.12/share (vs $0.18 last yr)… Looking ahead we're leaving estimates and valuation unchanged. The critical issue is whether 8-10% growth over the next 6 months can be accompanied by margin expansion”.

JBLU closed yesterday at $4.42.