Shares of JetBlue JBLU are trading higher by 5.9 percent to $8.80 in Wednesday's trading after Argus upgraded the shares from Hold to Buy with a price target of $10.
Analyst John Staszak's upgrade reflects positive factors such as:
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- Increased ancillary revenue.
- Improved in-flight internet service.
- New premium class call Mint, which will offer ‘lie-flat' seats on transcontinental flights beginning in 2H14.
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