Market News / Story
Citi upgrades JetBlue to Neutral as valuation risk eases
Seeking Alpha ·
Seeking Alpha reports: Shares of JetBlue Airways rose 3.5% in the premarket trading on Tuesday after Citi upgraded the airline to Neutral from Sell, saying the sharp decline in the stock had improved its risk-reward profile. The brokerage kept its price target on JetBlue at $4.50, implying about an 11% upside from the stock's last close. The move was “primarily as a result of the significant decline the stock has experienced,” Citi analyst John Godyn wrote. JetBlue shares are down 37% from…