JetBlue Airways (JBLU) received a significant boost after Citi Research upgraded the stock from Sell to Neutral, raising the price target from $4 to $6.
- Citi cited 'upside risks' for the shares, noting that JetBlue maintains solid liquidity and strategic optionality amid increasing merger activity in the low-cost airline market.
- This positive analyst action coincided with JetBlue's new interline agreement with Contour Airlines, immediately enhancing connectivity across more than 100 destinations in the JetBlue network.