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

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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 2015CRT CapitalMaintainsBuy
Mar 2015Raymond JamesUpgradesMarket PerformOutperform
Feb 2015CRT CapitalMaintainsBuy

View More Analyst Ratings for JBLU
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Posted-In: Deutsche BankAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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