JetBlue (JBLU) shares surged over 8% after Citi upgraded the stock from Sell to Neutral, citing renewed confidence in the airline's strategic turnaround plan.
- Citi analyst John Godyn sharply increased the price target from $4 to $6.
- The upgrade is tied to the "Jet Forward" initiative, which aims for a breakeven or better operating margin in 2026.
- Management also targets achieving positive free cash flow by the end of 2027.