UPDATE: J.P. Morgan Downgrades JetBlue Airways on Multiple Negative Factors
July 18, 2013 at 08:24 AM EDT
In a report published Thursday, J.P. Morgan analyst Jamie Baker downgraded JetBlue Airways (NASDAQ: JBLU ) from Overweight to Underweight, and lowered the price target from $7.50 to $5.50. In the report, J.P. Morgan noted, “Cost convergence, fare unbundling, widespread consolidation, diminished new entrant activity, and return-oriented management teams have combined
