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JetBlue Airways Corp.’s stock has been downgraded by Cowen & Co. with the analyst firm highlighting the airline’s pending merger with Spirit Airlines Inc. as a distraction.
In a note released Thursday, Cowen downgraded JetBlue’s JBLU stock to market perform from outperform. “The pending merger with Spirit Airlines is not set to close before 2024 at the earliest, with no guarantee it will be approved,” wrote Cowen analyst Helane Becker.
The…
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