October 25, 2010

JetBlue Shares Get a Lift

Influential Wall Street analyst Jamie Baker has upgraded his rating of JetBlue’s shares after our impressive Q3 performance. According to The Street: “Some carriers stand out. In particular, JetBlue reported a 13.6% third quarter operating margin, its highest since 2004 and 5.9 points higher than last year’s 7.7% margin. It was also the second highest among all major carrier’s after Alaska’s 19.6%. Baker upgraded JetBlue to overweight, with a price target of $9. He also downgraded Southwest to neutral, reducing his price target to $15.50 from $16, citing recent price appreciation and integration risk.”   

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