“JPMorgan Projects 50%-Plus Airline Revenue Decline In 2021”
October 8, 2020
“JPMorgan is cautious on the airline industry and reducing its forecasts on the basis of conservative demand.
The Airline Analyst: Jamie Baker upgraded JetBlue Airways (NASDAQ: JBLU) from Underweight to Overweight with a $17 price target.
Baker upgrades United Airlines (NASDAQ: UAL) from Neutral to Overweight and raised the price target from $44 to $52.
Baker downgraded Southwest Airlines (NYSE: LUV) from Neutral to Underweight and added a $41 price target.
Baker upgraded Spirit Airlines (NYSE: SAVE) from Underweight to Neutral and raised the price target from $14 to $19.
Baker remains Overweight on Alaska Air Group (NYSE: ALK) and Delta Air Lines (NYSE: DAL). Baker is Underweight on American Airlines Group (NASDAQ: AAL)…”
https://finance.yahoo.com/news/jpmorgan-projects-50-plus-airline-164516469.html