NEW YORK (TheStreet) -- Shares of JetBlue Airways Corp. (JBLU) are higher by 2.91% to $13.63 in pre-market trading on Thursday, following a ratings upgrade to "neutral" from "underperform" at Credit Suisse.
JetBlue stock may also be continuing to rise this morning following announcements the company made yesterday, regarding its plans for generating an increase in revenue by adding baggage fees, and more seats to its planes.
Credit Suisse said it raised its rating on the airline company due to the company's positive investors' day. JetBlue made its announcements about its strategic plans at its investors' day conference.
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The firm raised its price target on JetBlue stock to $15 from $12.
Additionally, analysts at Deutsche Bank upped their price target on JetBlue stock to $17 from $13.
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 a number of 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 solid stock price performance, growth in earnings per share, increase in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins."