NEW YORK (TheStreet) -- JetBlue Airways Corp (JBLU) was upgraded to "neutral" from "sell" by Goldman Sachs (GS) on Monday. The firm raised the price target of the shares to $10.50 from $8.20.
JetBlue is up 2.2% to $8.95 in early trading on Monday.
"We believe domestic airline industry fundamentals are improving on the back of stronger pricing power, ongoing capacity discipline and stronger underlying demand drivers. In addition to a better economic environment, we expect the carrier's ancillary programs (Even More and TrueBlue) to continue to drive incremental margins," Goldman Sachs said.
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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 multiple strengths, 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 compelling growth in net income, revenue growth, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
Highlights from the analysis by TheStreet Ratings Team goes as follows: