On Thursday, analysts at Credit Suisse upgraded shares of JetBlue Airways Corporation JBLU from Underperform to Neutral and raised the price target from $12 to $15.
Julie Yates is positive on JetBlue shares following the company’s investor day, where management confirmed and quantified several revenue strategies.
Yates finds the company has an attractive earnings trajectory, but execution risk remains to be a key concern: “We expect 2015 consensus may rise by ~30% with 2016 consensus rising as much as 50% based on incremental benefits outlined. While this is certainly attractive given the current share price, a portion of this upside was already in buy side estimates, and execution risk remains.”
Shares of JetBlue are trading around $13.63, up 2.9 percent Thursday morning.
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