JetBlue gained 5.4% to $8.96.
The firm set a price target of $13 for the airline stock, up from the previous $9.
Analyst Michael Linenberg wrote that Deutsche Bank upgraded the company "to reflect our improved earnings outlook, attractive share price valuation, and our belief that the company's ROIC will exceed its WACC in 2014 for the first time in a decade. Furthermore, we expect to see the earnings momentum story of the past two years extend into 2014 and 2015 resulting in a projected 30% EPS CAGR over the 2012-2015 timeframe. Lastly, we see the potential for the company to unlock meaningful value via its wholly-owned LiveTV subsidiary which provides in-flight connectivity systems and services."
Separately, TheStreet Ratings team rates JETBLUE AIRWAYS CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate JETBLUE AIRWAYS CORP (JBLU) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, good cash flow from operations, solid stock price performance and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."