UBS maintains a 'Neutral' on J. C. Penney (JCP); A Disheartneing Resignation

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UBS maintains a 'Neutral' on J. C. Penney (NYSE: JCP) price target of $29.00.

Analyst, Michael Binetti, leaves his rating and price target unchanges, but did note that the surprise resignation of President (of merchandising, marketing, planning), Michael Francis, was disheartening.

For an analyst ratings summary and ratings history on J. C. Penney click here. For more ratings news on J. C. Penney click here.

Shares of J. C. Penney closed at $24.33 yesterday, with a 52 week range of $23.14-$43.18.

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