JetBlue Airways (JBLU) Fair Increases May Not be Widely Appreciated by the Market - JPMorgan

JPMorgan maintains Neutral on JetBlue Airways (NASDAQ: JBLU) price target of $22.00.

Analyst Jamie Baker remains sidelined on the company but tells clients he sees the probability of a bullish guide and conference call on Tuesday as more likely than not. He believes investors with trade-oriented/risk-tolerant capabilities may want to position themselves ahead of the close on Monday given the company's fare increases may not be widely appreciated by the market just yet.

Bakers says a bearish call "seems acceptably unlikely to us."

For an analyst ratings summary and ratings history on JetBlue Airways click here. For more ratings news on JetBlue Airways click here.

Shares of JetBlue Airways closed at $19.84 yesterday.

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