Seaport Global Maintains Buy on JetBlue Airways, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Seaport Global analyst Daniel Mckenzie has maintained a 'Buy' rating on JetBlue Airways (NASDAQ:JBLU) but lowered the price target from $9 to $7.
September 29, 2023 | 3:01 pm
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JetBlue Airways' price target has been lowered from $9 to $7 by Seaport Global, though the 'Buy' rating is maintained.
The news of a lowered price target could potentially have a negative impact on the stock price in the short term as it may cause investors to reassess their valuation of the company. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could offset some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100