JBLU is trading 4% down today at $5.49 after Raymond James downgraded the stock to Underperform, citing severe capital structure and liquidity risks.
- Raymond James highlighted significant valuation risks tied to the company's debt load, extending a selloff from the previous session.
- The stock previously dropped 5.61% to $5.72 on July 7, with current weakness appearing company-specific rather than market-driven.
- Analysts remain concerned about the airline's capital structure and ability to manage financial pressures amid ongoing volatility.