Goldman Sachs Comments on J. C. Penney (JCP) Q4
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J. C. Penney (JCP) a Credible American Comeback Story, Citi Says
February 27, 2014 9:50 AM ESTCiti analyst Oliver Chen reiterated a Neutral rating on J. C. Penney (NYSE: JCP) but raised its price target from $6.50 to $7.50 following Q4 results, calling it a 'credible American comeback story.'
Chen said he was encouraged by the results and believes a re-connection with customers is in progress.
"We believe fears on JCP's liquidity while mathematically fascinating could be overdone relative to achievability of the product/brand/marketing strategy to bring customers back," Chen said. "Share... More
Wells Fargo Upgrades J. C. Penney (JCP) to Market Perform; Capital Raise Off Table
February 27, 2014 7:08 AM ESTWells Fargo upgraded J. C. Penney (NYSE: JCP) from Underperform to Market Perform with a price target of $6-$7(from $4-$5).
Analyst Paul Lejuez said, "JCPs FQ4 was weak, but there was some good news. Investor fears of an imminent large capital raise... More
UPDATE: J.C. Penney Co., Inc. (JCP) Reports Q4 Loss of 68c; Sees Liquidity in Excess of $2B at Year-End;
February 26, 2014 4:05 PM EST(Updated - February 26, 2014 4:10 PM EST)
J.C. Penney Co., Inc. (NYSE: JCP) reported Q4 EPS of ($0.68), may not compare to the analyst estimate of ($0.76). Revenue for the quarter came in at $3.78 billion versus the consensus estimate of $3.94 billion. Comps sales were up 2%. Sees year-end... More
