Barclays upgrades JetBlue to 'equal-weight' citing network strength

Barclays lifts rating on JetBlue Airways JBLU.O to "equal-weight" from "underweight", hikes PT to $7 from $4

New PT implies an upside of 26.4% on stock's last close

Shares down nearly 2% at $5.45 premarket

Barclays says co's commercial initiatives, including the rollout of domestic first class, premium lounges and expanded Blue Sky partnership benefits, position the airline for improved performance in 2026

Adds JetBlue's Northeast slots and strong Florida and Caribbean footprint are key assets that can support long-term growth

12 of 18 brokerages rate the stock "hold" and 6 "sell" or lower; median PT is $5 - data compiled by LSEG

As of last close, stock up 21.8% YTD