JetBlue up after Citigroup raises rating to 'neutral'

Shares of JetBlue Airways JBLU.O rise 3.6% to $5.46 premarket

Citigroup upgrades rating on stock to "neutral" from "sell"

Sees upside risks emerging at JBLU, "particularly in the context of a consolidating industry"

Raises PT to $6 from $4, implying a 13% upside to stock's last close

"There are very few airlines left for which considering strategic optionality is even a possibility – it's a short list that JBLU is on," says brokerage

Median PT of 18 brokerages covering JBLU is $4 - data compiled by LSEG

JBLU shares down about 40% in 2025