MORGAN STANLEY: It's too early to buy JetBlue (JBLU)

pulse

March 15, 2017 6:12 PM

JetBlue's stock is down about 12% so far in 2017.

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Shares of JetBlue Airways (JBLU) are down almost 12% so far this year and Morgan Stanley says it's still not the time to buy.

are options, mint class, cabin restyling, and credit card perks.

However, in the short-term, margins are suppressed at 14% compared to peers like Alaska Air (ALK) and Southwest (LUV) which are at 21% and 18%, respectively.

Morgan Stanley remains unenthusiastically equal-weight on JBLU with a price target of $21, the stock closed Tuesday's session at $19.63 a share. Although the stock is currently below its target price, Morgan Stanley is not recommending accumulating shares at this time.

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