JBLU Misses 1Q Estimates; Performance To Improve In 2H

Analysts at Citigroup Global Markets maintain their "buy" rating on JetBlue Airways Corporation (NASDAQ: JBLU). The target price for JLBU is set to $7.

JetBlue Airways has reported its 1Q EPS short of the estimates due entirely to a lower-than-anticipated unit revenue performance. JBLU has raised its revenue and cost guidance for the year.

“While were consistently cautious on JetBlue (JBLU-1H) shares going into 1Q 2010 results (following strong March results) and are somewhat surprised by the 1Q revenue miss relative to the company’s monthly operating releases, we continue to see JBLU as an improving 2H 2010 story and would recommended investors take advantage of any stock weakness today,” the analysts say.

More Analyst Ratings here.