Wall Street fears recession, leading to drop in airline stocks, with lower price targets and sell rating

From Nasdaq.: 2025-04-08 16:46:00

Wall Street is showing concerns about a possible recession, leading to a drop in airline stocks. Shares of JetBlue Airways, Frontier Group Holdings, and Southwest Airlines all fell due to fears of an economic downturn. Analysts at Goldman Sachs have lowered price targets for the sector, with a 45% chance of a recession. American Airlines Group was downgraded to a sell rating. Investors are advised to wait for more clarity on the economy and airline demand before making any decisions.

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Read more at Nasdaq.: Why Airline Stocks Fell Today