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JetBlue Airways Corporation Message Board

  • APPPRO APPPRO Oct 23, 2008 3:26 PM Flag

    JPMorgan analyst upgrades JetBlue to 'Buy'

    God someone really hates this stock. we should be flying bewteen this and the great report.

    JPMorgan analyst upgrades JetBlue to 'Buy'
    Thursday October 23, 3:13 pm ET
    Analyst upgrades JetBlue to 'Buy,' citing growth potential and improving fundamentals

    NEW YORK (AP) -- A JPMorgan analyst upgraded shares of JetBlue Airways Corp. to "Overweight" from "Neutral" Thursday, saying the stock is poised to grow as the carrier improves its liquidity and other fundamentals.
    Analyst Jaime Baker also suggested the stock is undervalued compared to its peers.

    "JetBlue remains one of the least-liked large jet operators, and has materially lagged the sector's recent sprint to the upside," he wrote in a client note. "We suggest investors focus on this laggard."

    Earlier Thursday, JetBlue said it swung to a third-quarter loss, but still topped Wall Street's expectations, as flat passenger demand was somewhat offset by cost cuts and reduced fuel prices.

    Amid a broader market sell-off, JetBlue shares fell 16 cents, or 3.2 percent, to $4.85 in afternoon trading.

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