JCPenney (JCP) October Comps Up 0.9%; First Gain Since Dec. 2011
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November 8, 2013 3:48 PM EST
JCPenney (NYSE: JCP) is mounting a turnaround. Or, at least some distressed debt investors hope that's what the retailer is doing.
According to Bloomberg, Marc Lasry's Avenue Capital Group was said to invest in JCPenney's unsecured bonds.
Other funds taking a safer approached on the... More
November 8, 2013 11:07 AM EST
Deutsche Bank maintained a Hold rating on J. C. Penney (NYSE: JCP) with a price target of $6.00. Analyst analyst Paul Trussell adjusted his Q3 GPM estimate. The change follow reports of improved comps in October.
"Our thought is that the clearance activity was... More
November 7, 2013 12:57 PM EST
J. C. Penney (NYSE: JCP) shares were lifted on Thursday after the company provided an update on the progress of its turnaround, with October comps up 0.9%. In the view of analyst Stephen Grambling of Goldman Sachs, the company's turnaround is progressing in line with expectations.
"JCP's update was... More
