BofA's Mixed Airline Ratings: Upbeat On United's Growth, Cautious On JetBlue's Challenges, Bullish On Delta's Cash Flow - United Airlines Holdings (NASDAQ:UAL), JetBlue Airways (NASDAQ:JBLU), Delta Air Lines (NYSE:DAL), Boeing (NYSE:BA)
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1 Articles
BofA's Mixed Airline Ratings: Upbeat On United's Growth, Cautious On JetBlue's Challenges, Bullish On Delta's Cash Flow - United Airlines Holdings (NASDAQ:UAL), JetBlue Airways (NASDAQ:JBLU), Delta Air Lines (NYSE:DAL), Boeing (NYSE:BA)
BofA Securities analyst Andrew G. Didora downgraded JetBlue Airways Corporation (NASDAQ: JBLU) to Underperform from Neutral, lowering the price target to $3 from $6. After rallying over 56% from the early November trough in share price, the analyst cautions about the challenging domestic airline industry backdrop coupled with GTF engine issues that will likely pressure growth and costs in 2024, continuing to hurt the post-pandemic earnings reco…
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