1651 ET - Travel sentiment is improving and JetBlue Airways' opportunity to outperform its peers and boost its stock price are declining, Raymond James analyst Savanthi Syth says, downgrading the stock to market perform from buy. Syth had tactically upgraded the stock in April because she thinks the budget airline can survive an economic downturn thanks to ample liquidity and low bankruptcy risk. JetBlue on Thursday closed near Syth's target price of $5, marking a 34% gain in the past month as tariffs fell, markets stabilized and recession fears waned. The improvement in sentiment balances JetBlue's risk-reward profile, Syth says, making it slightly less of a standout against its peers. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
May 15, 2025 16:51 ET (20:51 GMT)
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