J. C. Penney (JCP) Slammed; JP Morgan Sees Q1 'Pothole'
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Jefferies Starts J. C. Penney (JCP) at Hold
May 10, 2016 6:56 AM EDTJefferies initiates coverage on J. C. Penney (NYSE: JCP) with a Hold rating and a price target of $9.00.
Analyst Randal Konik commented, "JCP is on a path to recovery under the leadership of a new mgmt. team, which has helped drive market... More
J.C. Penney's Price Target Reduced to $7 at JPMorgan
May 6, 2016 10:33 AM EDTJPMorgan maintained a Neutral rating on J.C. Penney (NYSE: JCP) and lowered its price target to $7.00 (from $10.00).
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 $8.93 yesterday.
... MoreGoldman Sachs Highlights Four Concerns for Retail Stocks
May 6, 2016 9:45 AM EDTIn a research note Friday, a team of Goldman Sachs analysts, including Matthew Fassler, highlighted four concerning factors for retail stocks. Concerns include energy, minimum wage hikes, seasonality, and the reversal in the dollar.
"...energy is likely to have a diminishing contribution to consumer discretionary cash flow over the course of the year, turning into a headwind 2017. We model only gradual moderation in discretionary cash flow on an annual basis, but within that forecast expect a drag on consumer spending from essential spending' energy, food, and healthcare beginning in 3Q2016, for the first time since 3Q2014," said... More
