JetBlue Airways received an upgrade from Citi Research, moving the stock rating from Sell to Neutral, alongside a significant boost to the price target of $6 per share.
- The improved outlook is driven by increasing confidence in industry consolidation effects and the execution of the JetForward transformation plan.
- Citi cited the airline's strong $2.5 billion liquidity cushion and strategic optionality as factors mitigating downside risks, despite ongoing quarterly losses.