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JetBlue Shares Rising After Analyst Boost

July 09, 2019 / TheStreet

Shares of JetBlue Airways Corp. (JBLU - Get Report) were higher Monday after a top analyst upgraded the airlines stock.JetBlues stock price rose 1.22% to $19.43 on Monday following Credit Suisses upgrade of the airlines shares to neutral from underperform.Credit Suisse cited strong seasonal leisure demand over the summer, which it argues will drive solid unit revenue performance at the airline.The bank, in its upgrade of JetBlue, also cited continued execution of cost & revenue initiatives which it sees ramping up in the second quarter and on into 2020.