Market News / Story
Citi Upgrades JBLU Stock, Says Downside Is Limited Around $4
Stocktwits ·
Stocktwits reports: JetBlue Airways (JBLU) shares were in focus on Tuesday after Citi upgraded the stock to 'Neutral' from 'Sell' and lowered its price target to $4.50 from $5.30. The firm believes the shares have less downside around the $4 level, according to TheFly. JBLU shares traded 2% higher at $4.16 in premarket trading as of Tuesday. The stock closed at $4.06 on Monday, leaving it over 38% below its recent high of $6.62 hit on August 4. Citi continues to believe supermajor airlines…