Prudential Ups JetBlue Airways to Overweight

Standard & Poor's Equity Research

Prudential upgraded JetBlue Airways (JBLU) to overweight from underweight.

Analyst Bob McAdoo believes that if his current revised earnings per share (EPS) estimates hold true, the company's shares will outperform most of his other airline names. He says we should see this fall whether the company follows through with its redirected plans, including its focused approach to the short and medium haul flying through John F. Kennedy airport. He raises his $7 stock price target to $14.