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Actionable news in JBLU: JetBlue Airways Corporation,

JetBlue (JBLU) Stock Climbs on Ratings Upgrade

NEW YORK (TheStreet) -- JetBlue Airways (JBLU - Get Report) stock is advancing by 1.62% to $20.66 in mid-afternoon trading on Wednesday, following a rating upgrade to "outperform" from "market perform" at Cowen earlier today.

The firm has a $24 price target on the stock.

Shares could surprise to the upside if May and June volumes beat expectations, Cowen wrote in a note, Barron's reports. The airline will likely benefit from low jet fuel prices and sequentially declining capacity for the remainder of this year, which should boost its unit revenue.

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