Market Overview

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

Share:
Related JBLU
Benzinga's Top Initiations
Zika Fears Appear Fully Priced Into JetBlue Shares
Airline stocks perk up after favorable macro mix (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
Sep 2016Imperial CapitalInitiates Coverage onOutperform
Jul 2016JP MorganMaintainsNeutral
May 2016BarclaysTerminatesOverweight

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!