JCPenney (JCP) Nov. Comps Grew 10.1%; Reports Strong e-Commerce Sales
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Wells Fargo Unimpressed by J. C. Penney (JCP) Nov Comps
December 4, 2013 8:37 AM ESTWells Fargo maintained an Underperform ratting on J. C. Penney (NYSE: JCP) with a price target of $4-$5. Analyst Paul Lejuez was unimpressed by improved November comps, describing simple stack analysis as "misleading."
"JCP indicated November comps were +10.1% (and mgmt indicated Black Friday weekend was consistent with the month). This compares to Aug -9.8%, Sept -4.0%, Oct +0.9%.... More
J. C. Penney (JCP) Nov. Comps Viewed as Solid but it 'Gets Tougher from Here' - Deutsche Bank
December 4, 2013 8:25 AM ESTDeutsche Bank maintained a Hold rating on J. C. Penney (NYSE: JCP) with a price target of $6.00. Comments follow data on November comps yesterday that showed a gain of 10.1%. Analyst Paul Trussell noted the print was above expectations but in his view thing get "tougher from here."
"The results were solid, in our view, as it was above our expectations for +9.0% and showcases continued acceleration in trends. To this... More
Oct.-to-Nov. Read Suggests Strong Momentum for JCPenney (JCP) Into Holiday Season - Goldman
December 4, 2013 6:29 AM ESTGoldman Sachs maintained its Neutral rating on JCPenney (NYSE: JCP), but raised its 12-month price target from $10 up to $11 following a company sales update issued after markets closed on Tuesday. Among other items, JCPenney noted that November comparable-store sales improved 10.1 percent.
Analyst Stephen... More
