UPDATE: JP Morgan Raises J.C. Penney (JCP) Credit Rating to Overweight
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UPDATE: Maxim Group Upgrades J. C. Penney (JCP) to Hold
May 8, 2013 8:40 AM EDT(Updated - May 8, 2013 1:01 PM EDT)
Maxim Group upgraded J. C. Penney (NYSE: JCP) from Sell to Hold with a price target of $16.50 from $10.00. Analyst Rick Snyder believes a return to discounting will drive traffic back into the store and improve conversion.... More
J. C. Penney (JCP) Prelim. Q1 Revs Miss Views; Comps Fell 16.6%
May 7, 2013 4:09 PM EDTJ. C. Penney Company, Inc. (NYSE: JCP) released preliminary unaudited selected financial information for its fiscal first quarter ended May 4, 2013. The Company is providing this information in connection with its previously announced proposed senior secured term loan financing transaction. Given the Company's fiscal first quarter ended three days ago, the information that follows is preliminary and based upon information available as of today. The Company expects to release its... More
