Rodman & Renshaw Comments on Jet Blue, Trims PT

Rodman & Renshaw provided color on Jet Blue Airways JBLU and trimmed its Jet Blue price target from $7 to $6 in a research report published today. In the report, Rodman & Renshaw states, "We believe JBLU could improve returns with M&A, but mgmt was clear in their desire to go it alone. Southwest notwithstanding, other low cost carrier business models are not standalone business models in our view, so the question becomes who consolidates first and how does that leave others positioned?" Shares of Jet Blue closed today at $4.83, down 8.52% from Monday's market close.