JCPenney (JCP) Pleased with Current Turnaround Progress, Sees Positive Comps Trend

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Go back to JCPenney (JCP) Pleased with Current Turnaround Progress, Sees Positive Comps Trend

Buckingham Research Downgrades J. C. Penney (JCP) to Neutral

September 27, 2013 8:31 AM EDT

Buckingham Research downgraded J. C. Penney (NYSE: JCP) from Buy to Neutral.

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 $10.42 yesterday, with a 52 week range of $9.52-$27.00.... More

J. C. Penney (JCP) Target Cut to $6-$7 at Wells

September 26, 2013 1:13 PM EDT

Wells Fargo maintained an Underperform rating on J. C. Penney (NYSE: JCP) and lowered its price target to $6-$7 from $10-$11. The change follows news management expects comps to turn positive in Q4. In the view of analyst Paul Lejuez, this is nothing to get excited about.... More

Deutsche Bank Comments on J. C. Penney (JCP) Liquidity

September 26, 2013 11:36 AM EDT

On Thursday morning Deutsche Bank maintained a Hold rating on J. C. Penney (NYSE: JCP) and lowered its price target to $12.00 (from $15.00). The stock moved higher after the company said it expected positive comparable store sales trends coming out of the third quarter and throughout the fourth quarter of 2013. Concerns also surround liquidity, a subject of debate and speculation.... More

J. C. Penney (JCP) Has Even More Downside, Citi Says; Floor Value is $1/Share

September 26, 2013 8:57 AM EDT

Citi reiterated a Sell rating and slashed its price target on J. C. Penney (NYSE: JCP) from $11 to $7 after revisiting their cash burn analysis following recent meetings with other retailers and vendors.

While analyst Deborah Weinswig still believes J. C.... More

J.C. Penney (JCP) Falls Further on Potential $1B Equity Raise

September 26, 2013 6:54 AM EDT

J.C. Penney Co., Inc. (NYSE: JCP) is starting where it left off yesterday... down.

Reports indicate the company is seeking to raise up to $1 billion in new equity to build up its cash hoard.

News of a potential equity raise follows Wednesday's 15%... More

HedgEye Says They're Buying J.C. Penney (JCP)

September 25, 2013 2:35 PM EDT

HedgEye said it is buying J.C. Penney Co., Inc. (NYSE: JCP) on today's weakness.

"Not particularly a high-quality 'feel good' call, but everything has a price. We'll take the other side of today's JCP sell-off," the report said.

Link to report... More

J. C. Penney (JCP) Seeks 'Amicable' End to Stewart License Dispute - DJ

September 25, 2013 2:23 PM EDT

J. C. Penney (NYSE: JCP) seeks an 'amicable' end to the ongoing Stewart (NYSE: MSO) license dispute, reports DJ. So far the two sides have not reached agreement, said sources.... More

Maxim Defends JCPenney (JCP); Sees Margin Expansion in Q4 as Private Labels Restocked

September 25, 2013 12:48 PM EDT

Maxim Group is maintaining a Buy rating on JCPenney (NYSE: JCP), but trimming its price target from $27 down to $22 into Q3 results.

Analyst Rick Snyder said that the firm is cutting its Q3 comparable-store sales estimate from positive 9 percent to zero. The analyst commented, The reduction is primarily due to the clearance... More

J. C. Penney (JCP) Q3 Sales at Risk - Cleveland

September 25, 2013 9:08 AM EDT

J. C. Penney Company (NYSE: JCP) Q3 sales are at risk, according to analysts at Cleveland Research. In a note Wednesday, Cleveland said sales through the middle of Q3 may have been more difficult than initially thought. Analyst said traffic appears soft, they... More