Market Overview

UPDATE: Deutsche Bank Downgrades JetBlue Airways to Hold on Earnings Growth Outlook

Share:
Related JBLU
Cowen: JetBlue Can Overcome April Revenue 'Blues'
The Market In 5 Minutes: Sour Apples And Greek Goddesses
JetBlue ratchets up competition with new Boston-LaGuardia flights (Seeking Alpha)

Deutsche Bank downgraded JetBlue Airways (NASDAQ: JBLU) from Buy to Hold and lowered the price target from $8.00 to $7.00.

Deutsche Bank commented, "We are lowering our rating on JBLU from Buy to Hold as we are projecting only modest earnings growth in 2013 and believe the company will continue to lag its peer group on an ROIC basis. Of course, we would revisit our view in the event that JBLU stepped-up its efforts to reduce debt and return cash to shareholders."

JetBlue Airways closed at $5.97 on Monday.

Latest Ratings for JBLU

DateFirmActionFromTo
Apr 2016Cowen & CompanyUpgradesMarket PerformOutperform
Apr 2016Credit SuisseMaintainsNeutral
Apr 2016BarclaysUpgradesEqual-weightOverweight

View More Analyst Ratings for JBLU
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (JBLU)

View Comments and Join the Discussion!