J.C. Penney (JCP) Tops Q1 EPS by 6c; Comps Fell 0.4%; FY16 Guidance Updated
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Go back to J.C. Penney (JCP) Tops Q1 EPS by 6c; Comps Fell 0.4%; FY16 Guidance Updated
May 16, 2016 8:54 AM EDT
UBS analyst, Michael Binetti reiterated his Sell rating on J. C. Penney (NYSE: JCP) as the company plans for 2H SSS to accelerate despite comps getting tougher. JCP's 1Q SSS slowed significantly, w/transactions & AUR both negative. 1Q was the 1st negative YOY gross profit... More
May 16, 2016 6:36 AM EDT
Baird upgraded J. C. Penney (NYSE: JCP) from Neutral to Outperform with a price target of $12.00 (from $11.00).
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 $7.58 yesterday.
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May 13, 2016 2:33 PM EDT
Cowen maintained a Market Perform rating on J. C. Penney (NYSE: JCP), and cut the price target to $9.00 (from $11.50), following the company's 1Q earnings report. JCP reiterated its original EBITDA guidance of $1B and adjusted EPS to be positive as well as... More
May 13, 2016 8:37 AM EDT
J.C. Penney (NYSE: JCP) says comps rose in the last two-weeks of April. Same-store sales were also up in February, but down in March.
Comments come from the company's conference call on Friday.
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