TD Cowen lowered the firm’s price target on JetBlue to $5 from $6 and keeps a Hold rating on the shares. The firm noted the company brought 3 debt deals to the high yield market this week which gives running room for the next few years and can prepay if things improve.
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Read More on JBLU:
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- JetBlue Announces Pricing of $400 Million Convertible Senior Notes Offering
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