During Tuesday’s Afternoon trade, Shares of JetBlue Airways Corporation (NASDAQ:JBLU), lost -7.67% to $24.80, after a rating downgrade to “neutral” from “overweight” at JPMorgan.
Weak industry pricing prompted the downgrade, according to JPMorgan.
The downgrade also reflects the firm’s valuation of the company, based on a $27 price target, JPMorgan said in a note.
In other news, JetBlue Airways Corporation declared that it will hold its quarterly conference call to discuss third quarter 2015 financial results on October 27, 2015 at 10:00 a.m. ET.
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2014, the company operated a fleet of 13 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 EMBRAER 190 aircrafts.
Shares of BlackBerry Limited (NASDAQ:BBRY), inclined 0.21% to $7.18, during its current trading session.
BlackBerry Limited, declared that it has designated The Honourable Wayne G. Wouters, PC, to the Company’s Board of Directors. Mr. Wouters will also serve as a member of the audit and risk administration committee of the Board of Directors.
“I am happy to welcome Wayne Wouters to our Board of Directors. Mr. Wouters brings to BlackBerry valuable experience in government relations, planned leadership, international trade and economic policy,” said John Chen, Executive Chairman and CEO of BlackBerry.
With the addition of Mr. Wouters, the Company’s Board of Directors will comprise of eight members, seven of whom are independent members.
From 2009 to 2014, Mr. Wouters was the Clerk of the Privy Council of Canada and held the roles of Deputy Minister to the Prime Minister, Secretary to the Cabinet and Head of the Public Service. Before his tenure as Clerk, Mr. Wouters was Secretary of the Treasury Board of Canada and served in deputy ministerial and other senior positions in the Canadian public service. Mr. Wouters has received numerous awards, counting an Honorary Doctorate of Laws from the University of Saskatchewan, the Queen’s Diamond Jubilee Medal and the André Mailhot Award for lifetime achievement from the United Way Canada. He was inducted as a member of the Privy Council in 2014.
BlackBerry Limited provides wireless communications solutions worldwide. The company offers BlackBerry wireless solutions, which comprise the sale of BlackBerry handheld devices; and the provision of data communication, and compression and security infrastructure services enabling BlackBerry handheld wireless devices to send and receive wireless messages and data.
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