JetBlue Airways' stock was soaring 5.79% during intraday trading on Tuesday, showing significant upward momentum in the market.
The sharp rise follows Citigroup's upgrade of JetBlue from "Sell" to "Neutral" and an increase in its price target to $6 from $4. The brokerage cited emerging upside risks and strategic optionality for the airline within a consolidating industry, noting JetBlue is on a short list of airlines where strategic considerations remain possible.
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