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Fly News Breaks for October 13, 2015
JBLU
Oct 13, 2015 | 05:34 EDT
JPMorgan analyst Jamie Baker downgraded JetBlue to Neutral citing the stock's proximity to his new price target of $27. JetBlue shares no longer provide the level of upside potential to warrant a buy rating, Baker tells investors in a research note. He expects the airliner's FY16 ex-fuel CASM to be pressured by increased labor expense associated with the company's planned densification of its A320s.