JetBlue price target raised at CRT Capital, says that 2015 could be the year investors have been waiting for

CRT Capital issued a note on JetBlue Airways Corporation

as the airline attempts to narrow the margin gap with its competitors. Currently CRT Capital rates JetBlue as a Buy and raised their price target from $22 to $24. Michael Derchin, an analyst at CRT Capital, wrote, "The $64 question for Buy-rated JetBlue Airways Corporation in '15 is whether this will be the year when its lagging margins begin to improve and it begins to narrow the margin gap with its low cost carrier peers. Based on unit revenue growth trends in 1Q15, the evidence suggests that '15 may be the year patient investors have been long awaiting." As new revenue enhancing initiatives are rolled out, analysts forecast JetBlue's EBITDAR margins to rise to 25 percent in 2015 from 16.5 percent in 2014 which would be the third strongest performance in the airline group. Unit revenues are expected to increase by 3 percent in the first quarter of 2015. Currently JetBlue Airways Corporation is trading at $19.50, up 0.31 percent.