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JetBlue Airways (JBLU) Jets Higher on Raymond James

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DiscoverGold Member Level  Monday, 04/05/21 01:31:04 PM
Re: None
Post # of 38803 
JetBlue Airways (JBLU) Jets Higher on Raymond James Upgrade
By: Schaeffer's Investment Research | April 5, 2021

• Raymond James upgraded the stock to "outperform" from "market perform"

• JBLU is seeing attractively priced premiums at the moment

The shares of JetBlue Airways Corporation (NASDAQ:JBLU) are up 3.6% to trade at $21.10 at last check, after Raymond James upgraded the stock to "outperform" from "market perform." The firm cited recovery in international travel, sees long-term growth due to its transatlantic route, and noted that the company's daily bookings accelerated towards the end of March.

On the charts, today's pop has JBLU hitting the $21 level, home to its March 15 nearly three-year high of $21.73 -- an area that has rejected the equity's highest rallies since March of 2018. With the 40-day moving average swooping in to catch the stock's most recent pullback, JetBlue stock is up 151.2% year-over-year.

There are still plenty of room for upgrades amongst the brokerage bunch, as coming into today, six of the 11 analysts in coverage carried a "hold" or worse rating on JBLU. Plus, the 12-month consensus price target of $18.77 is a 7.9% discount to current levels.

Lastly, now is a good time to weigh in on the security's next move with options. The stock's Schaeffer's Volatility Index (SVI) of 41% sits in the lowest percentile of its annual range, implying that options players are pricing in low volatility expectations at the moment.

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