J.C. Penney (JCP) Tops Q2 EPS by 10c; Affirms FY16 Outlook

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J.C. Penney's (JCP) Buy Rating Maintained at Deutsche Bank

August 12, 2016 11:07 AM EDT

Deutsche Bank maintained a Buy rating on J. C. Penney (NYSE: JCP) with a price target of $12. Comments follow the release of Q2 results. Analyst Paul Trussell said results show continued relative outperformance.

"JCPs 2Q results showcase its continued outperformance vs. the peer group and unique position to drive accelerating trends (opposed to banking on easing comparisons and better weather). JCP was the... More