JCPENNEY REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS

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J. C. Penney (JCP) PT Lowered to $2 at Deutsche Bank Following 2Q

August 17, 2018 8:40 AM EDT

Deutsche Bank analyst Paul Trussell lowered the price target on J. C. Penney (NYSE: JCP) to $2.00 (from $3.00) while maintaining a Hold rating following the company's 2Q earnings report. 2Q results were disappointing and largely driven by GPM pressure with the company missing EPS... More