Even With 'Fairy Tale' Year, JCPenney (JCP) is Too Expensive - Analyst
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Maxim Group Upgrades J. C. Penney (JCP) to Buy, Sees 50% Upside
May 20, 2013 7:52 AM EDTMaxim Group upgraded J. C. Penney (NYSE: JCP) from Hold to Buy with a price target of $27.00 (from $16.50) citing the company's recent change in strategy that we believe will drive traffic back into stores.
Analyst Rick Snyder explains, "CEO Mike Ullman has recently... More
J.C. Penney (JCP) Stock Already Priced For Recovery - Wells Fargo
May 17, 2013 8:52 AM EDTBased on information provided by J.C. Penney (NYSE: JCP) yesterday, analyst Paul Lejuez of Wells Fargo thinks the company will need additional liquidity in 2014. Additional, he thinks the stock is already priced for recovery.
"We are reducing our FY2013E... More
J.C. Penney's (JCP) Ullman Sees Margin Returning to 2011 Levels
May 16, 2013 5:56 PM EDTJ.C. Penney (NYSE: JCP) CEO Mike Ullman has identified 30 to 40 areas to improve. Comments were made during the company's recent earnings conference call.
Ullman said he doesn't see structural issues that would prevent a turnaround and thinks margin will return to... More
Trading Radar for 05/16: Wal-mart (WMT), JCPenney (JCP), Applied Materials (AMAT), Autodesk (ADSK) Report
May 15, 2013 12:46 PM EDTThe Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:
Before Markets Open
Economics:
8:30am EDTInitial Claims - Street sees 330K
Continuing Claims - Street sees 3005K
CPI - Street sees (0.2%)
Core CPI - Street sees 0.2%
Housing Starts - Street sees 970K
Building Permits - Street... More
UPDATE: BofA/Merrill Lynch Upgrades J. C. Penney (JCP) to Neutral
May 14, 2013 2:14 PM EDT(Updated - May 14, 2013 2:35 PM EDT)
BofA/Merrill Lynch upgraded J. C. Penney (NYSE: JCP) from Underperform to Neutral. Analyst Lorraine Hutchinson sees a bottom in fundamentals as new coupons and promotions reverse sales declines. While J.C. Penney is unlikely to be... More
