Barclays Reinstates Underweight on JetBlue Airways, Announces $6 Price Target
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Brandon Oglenski reinstated JetBlue Airways (JBLU) with an Underweight rating and set a price target of $6.

March 27, 2024 | 12:20 pm
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Barclays reinstated JetBlue Airways with an Underweight rating and a $6 price target.
The reinstatement of JetBlue Airways by Barclays with an Underweight rating and a low price target of $6 suggests a bearish outlook on the stock. This rating likely reflects concerns about the company's future performance or market conditions that could negatively impact its stock price. Given the influence of analyst ratings on investor sentiment, this could lead to a short-term decrease in JetBlue's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100