JetBlue Airways (JBLU) was downgraded to a Sell Rating at Raymond James
Raymond James analyst downgraded JetBlue Airways to a Sell today and set a price target of $6.00.
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In addition to Raymond James, JetBlue Airways also received a Sell from Bank of America Securities’s Andrew Didora in a report issued on July 1. However, on July 2, BMO Capital reiterated a Hold rating on JetBlue Airways (NASDAQ: JBLU).
Based on JetBlue Airways’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.24 billion and a GAAP net loss of $319 million. In comparison, last year the company earned a revenue of $2.14 billion and had a GAAP net loss of $208 million
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JBLU in relation to earlier this year. Last month, Vivek Sharma, a Director at JBLU sold 32,000.00 shares for a total of $173,070.00.
Read More on JBLU:
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- JetBlue downgraded to Underperform from Market Perform at Raymond James
- JetBlue price target raised to $4.50 from $3.50 at Goldman Sachs
- JetBlue price target raised to $4 from $3.50 at BofA
- JetBlue pilot reported hitting a drone at JFK airport, WSJ says
- JetBlue price target raised to $6.60 from $4.40 at Citi
