Morgan Stanley is out with its report today on JetBlue Airways JBLU, downgrading JBLU to Underweight.
In a note to clients, Morgan Stanley writes, "We believe JBLU's maturing low cost / low fare model will have difficulty maintaining current margins longer-term as growth opportunities become limited and competition in the company's markets intensifies. As a result, we see less upside in JBLU relative to the other airlines in our coverage; thus, we are downgrading to Underweight."
Shares of JBLU closed Friday at $6.25, up 2.46% from Thursday's close.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in