Citi Upgrades JetBlue to Neutral as Valuation Risk Eases
JetBlue Airways (JBLU) shares rose in premarket trading after Citi upgraded the stock from Sell to Neutral. The brokerage cited an improved risk-reward profile due to a recent decline in the airline's valuation. Citi maintained its price target for JetBlue but noted that the current valuation offers more balanced potential, prompting the upgrade. This move reflects growing optimism about the company’s outlook despite ongoing challenges facing the broader aviation sector.
Tickers: $JBLU
Topics: analyst rating change stock movement