Jefferies Starts J. C. Penney (JCP) at Hold

J. C. Penney (JCP) Slammed; JP Morgan Sees Q1 'Pothole'

J. C. Penney (NYSE: JCP) is down sharply Friday (-9%) amid reports the company is cutting employee hours amid an 'expense challenge'. In addition, a negative note from JPMorgan analyst, Matthew Boss, following field work, is also weighing. Ross said his recent field work supports a potential Q1... More

J.C. Penney's Price Target Reduced to $7 at JPMorgan

JPMorgan 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.

Goldman Sachs Highlights Four Concerns for Retail Stocks

In 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

JC Penney cuts employee hours after 'expense challenge': NY Post

(Reuters) - Department store operator J.C. Penney Co Inc faced "an expense challenge" in April and in response cut payroll, froze overtime for its employees and took other cost-cutting measures, the New York Post reported, citing an internal memo.

The company's shares were down 8 percent at $8.23 in premarket... More

J.C. Penney (JCP) to Take Cost-Cutting Measures - NYP

J.C. Penney (NYSE: JCP) slashed payroll, froze overtime, and took other drastic cost-cutting steps, according to The Post, citing a memo. J.C. Penney is reportedly facing an "expense challenge" for April.