JetBlue Airways stock surged after Citi Research upgraded the carrier from Sell to Neutral, citing emerging upside risks from industry consolidation and increased confidence in the 'JetForward' turnaround plan.
- The upgrade included setting a price target of $6.
- Analysts highlighted the company’s robust liquidity position and strategic optionality, which helps reduce downside risks.
- The stock reacted strongly to the news, surging +5.30% on February 6.