Analysts Concerned with JC Penney's (JCP) Aggressive FY11 Outlook

Traders are selling shares of JC Penney (NYSE: JCP) today following decent Q4 results but mixed guidance from the company this morning. In afternoon trading, JCP shares are down 5.4% to $34.58.

Click here to see our full write-up on JC Penney's results.

Around the Street, analysts also seem bearish:

• Goldman Sachs - called JC Penney's FY11 guidance "bold" and noted that the same-store sales outlook was "the highest SSS plan in the department store sector (aside from Sak's +MSD guidance)." Goldman left its estimates on JC Penney unchanged.
  
• Deutsche Bank - pointed out that the FY guidance which was well above the Street consensus "DOES NOT include the potential impact of the $900MM share plan announced this morning." Firm maintains a Buy rating and $43 price target

Visit our Analyst Ratings page to track all the market-moving analyst calls on shares of JC Penney.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Citizens launches transportation coverage, names FedEx a top large-cap pick
• UnitedHealth Group (UNH) PT Raised to $475 at Piper Sandler
• American Airlines adds ex-FedEx CFO John Dietrich to its board